swaps?
The Dusd-dfi pool I would guess. Future swap is just the same as normal swapping except it’s designed to be fixed as oracle +1% premium.
I thought such a future swap would mint DUSD, the same way future swaps work now (burn one token, mint the other)?
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.
But why would you buy DUSD at $1.01 if you can buy it <$0.80?
not all the DFIPs are designed only for when there is a discount. Merely for long term management.
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