Since the massive USDX depegging event, borrow and supply APY

Question

Since the massive USDX depegging event, borrow and supply APY

for BUSD have dropped significantly on Lend protocol.
The borrow/supply rates for BUSD used to fluctuate between 2 and sometimes 30%+
It’s seems very odd this no longer happens.

And why is there zero transparency regarding the strategy for repegging USDX.
Team said they had a plan…
Seemingly it has worked rather well.
But HOW?

Did they sell off enough KAVA treasury to buy back USDX?
Is this the reason for massive Kava sell-off recently?

Or are they supplying “TVL” to Lend in order to keep borrow rates low, thus incentivizing people to buy up cheap USDX with borrowed BUSD?

Can anyone explain what is done with the assets tied up in CDPs or supplied to Lend. Are these assets truly locked into smart contracts or is the team able to utilize them behind the scenes?

#blockchain #cryptocurrency #english #kava

0

03.08.2022

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LeitonDuc
I bet that ALL the kava, hard and swp from "treasu...

So you are saying they are CeFi….

0

04.08.2022

LeitonDuc · Accepted Answer

LeitonDuc

I bet that ALL the kava, hard and swp from "treasury" and community pool are in custody of kava labs and not locked in any smart contract. Why i say this? Simple, if the tokens were trully of the community, addresses holding them would be public

0

03.08.2022

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Since the massive USDX depegging event, borrow and supply APY

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