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Think he's asking about why is the depeg getting worse
and worse ? 🤔
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Yes
Graham🇮🇪
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Marco
Yes
Yes
Well the demand for usdn isn't there at the moment so they are bringing out powerdao hoping that will give more reasons to hold usdn etc but this these market conditions I'd give it 19 months till usdn is OK
Marco
Yes
Yes
So, the threshold of USDN from the IDO claim gets the pressure on USDN price, as every day ~500k of USDN are sold at the market at the current price, setting it lower and lower, as a result we see USDN depeg.
Ok, what's the reason then?
Graham🇮🇪
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