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GREEN JEFF-

> If there’s a fully collateralized and direct redemption

mechanism guaranteeing at par redemptions, does secondary market price of a coin matter?

Yes it does, since overwhelmingly the use of stablecoins is to engage in defi apps which require secondary market to price accurately

#cryptocurrency #english #frax
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Sam-Kazemian ¤⛓️¤

I think a better way to write your criticism about what he's saying is that the secondary market price matters equally badly ABOVE the peg since there is no way to correct it above the peg.

0
17.07.2023

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