Where is the DUSD coming from for the dfi>dusd future

Question

DeFiChain - International

Kucoin Fast Trader

Where is the DUSD coming from for the dfi>dusd future

swaps?

#blockchain #cryptocurrency #defichain #english

0

01.07.2022

5 ответов

16 просмотров

Spencer L

Zachary Chan
The Dusd-dfi pool I would guess. Future swap is ju...

I thought such a future swap would mint DUSD, the same way future swaps work now (burn one token, mint the other)?

0

01.07.2022

Zachary Chan

Spencer L
I thought such a future swap would mint DUSD, the ...

Why would we mint more Dusd? The whole situation is brought on by oversupply of unbacked dusd. The one-way future swap as I read it, is to replace the DFI payback mechanic, so instead of using DFI to payback a dusd loan directly (which generates unbacked dusd), you now use the future swap to always be able to buy dusd with DFI at oracle +1% (which was the DFI payback premium currently), then you can payback the loan with said dusd, closing the loop.

0

01.07.2022

Spencer L

Zachary Chan
Why would we mint more Dusd? The whole situation i...

But why would you buy DUSD at $1.01 if you can buy it <$0.80?

0

01.07.2022

Zachary Chan

Spencer L
But why would you buy DUSD at $1.01 if you can buy...

not all the DFIPs are designed only for when there is a discount. Merely for long term management.

0

01.07.2022