how does upward volatility bother me?
All LUSD is created as debt, so there are as much long as there is short LUSD. If the price moves up, is is bad for those short, if the price moves down it is bad for those long. If the price hardly moves it is the safest for both groups.
LUSD is literally issued by taking out loans… how can going above peg not matter?
The ratings are for stablecoin holders’ safety, not borrowers.
If you buy above peg as a holder there is also a risk for you.
Nah he's assuming all holders buy in at 1.0
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