removing UST and Luna from Kava will help restore the peg? I see this touted as a solution but no reason why this actually would do anything...
Like I said earlier, I notified the team to take action to bring it back up to the $1.00 range just under 30 minutes ago. Nothing can get resolved overnight.
Yes your right but 10 days is not enough to resolve a simple issue? It is not even issue, just because of one lazy person from binance entire kava community is struggling
There is no question how much I wish I could respond to that, but clearly, we don't know how the deputy team operates on Binance's side.
We are begging kava team return our busd this time next time we dont do this mistake again
Most concerning is that it continues to decline.. 4,23% today..
Am i too naive to think that ETH co chain will bring liquidities that could turn DAI & USDC minting into USDX repeg ?
You aren't wrong to say this 😉
They could buy up USDX, but would be expensive to do They could increase the loan interest rate on BUSD based CDP's from 0% to 2.5% or even 5% to encourage some users to repay their CDP and buy discounted USDX instead giving them a much higher yield, this would be tricky as many users already at the maximum and would not want to liquidate them They could move incentives around to make buying USDX and supplying it more atttactive
what we should for 25may giveaway
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