Imagine if you were a vendor or even a new

Question

Imagine if you were a vendor or even a new

Dao that values decentralization. You accept LUSD as investment and hold it in your treasury. You end up collecting 30 million LUSD in your treasury. You go to spend it… there’s not nearly enough liquidity to spend it and you would lose 20 million dollars market selling. Ok no big deal we’ll just redeem. You spend 0.5-1% redemption fee to collect $30 million worth of eth and then when you go to spend the eth you get another 1 percent slippage to usdc… you have now gotten 98 cents on the dollar for your supposed awesome always greater than $1 coin. Meanwhile if you had collected frax you would have gotten $.999 just market selling it… how is LUSD more stable than frax?

#cryptocurrency #english #frax

0

17.07.2023

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AnT · Accepted Answer

AnT

Not to mention extra redemption fee if you redeem a huge amount within a short time window

0

18.07.2023

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Imagine if you were a vendor or even a new

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