Question, what were the fixes made to usdx? I

Question

Kava Official

Jonathan

Question, what were the fixes made to usdx? I

saw it depeg 30% past year

#blockchain #cryptocurrency #english #kava

0

08.03.2022

2 ответов

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CryptoDaz (Darren)

Initially simply minting USDX earned rewards which meant some users were minting then selling USDX to but more BUSD and repeat, this put a lot of sell pressure on USDX. This was fixed last May by moving the rewards to the supply of USDX to kava Lend. You will see from the charts it soon became far less volatile and closer to $1. There is a mechanism that prevents USDX rising much above $1. If USDX was to rise to $1.10 for example, then a user with 10,000 BUSD can mint 9900 USDX and sell it for 10890 BUSD, then mint another 10780 USDX and sell again, and keep repeating this until USDX is back to close to $1

0

09.03.2022

Cameron | Kava (I will never DM first) · Accepted Answer

Cameron | Kava (I will never DM first)

Here's the article on USDX Stability Mechanics - https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b

0

08.03.2022

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Question, what were the fixes made to usdx? I

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