to mint 100,000dUSD 1.00:1.00. But you are left with 50k doing nothing?
Yes, and it is super unlikely that two stable coins ever go away from each other much - because then they are no longer stable and frankly the ecosystem will start to have an all new dynamic when this attribute gets lost.
I lost a bag full when I got over excited at the launch of dTokens and filled up on dUSD at 1.35?!? 😜 But managed to salvage it. So we’ve done a neat job getting it back together and running dUSD as a real asset now for the ecosystem … love.it
I was not around at that time, but having a volatile non 1:1 stable coin is just false advertising.
Well, not sure false advertising covers it. DUSD was a dToken available for the market to forge price. Demand beat Supply in those days.
Just don't call it stable coin if 1dUSD does not equal 1$
I don’t think we were… But we are now.
Yeah there wasn't enough supply for demand especially with triple digit stock APRs back then. That was the risk of buying DUSD at the time.
It's a stablecoin because it is approximates $1. Just like USDT is never $1, it's always something like $0.9998 or $1.0003, likewise with other stablecoins.
That is true, but dUSD is governed to be at 1, and therefore 150% vault is a bit overkill. Wouldn't a 105% also do the job for a stable coin only vault?
150% was because DFI had to be half of your vault, at least. Now that vaults can be DUSD only, someone might make a DFIP to do that.
Fancy writing it up Philipp? Perhaps have a T Space and thrash it over, then we could see some of those hypothetical scenarios come to life?!
It has been brought in the past before I believe, but it probably makes more sense now.
It came to my attention that a price going up on your asset might liquidated you as well, so it would be restricted to stable coins in and out.
Yes, that's why borrowing dStocks and collateralizing with DFI can be extremely risky if you don't know what you are doing.
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