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Luke-

When buybacks to help the yCRV peg?

#cryptocurrency #english #yfi
0

2 ответов

19 просмотров
defiglenn-

yCRV/CRV has, historically, tended to return close to the peg. Couple of main reasons why: 1) When profit is being harvested for yCRV and it is below peg then the strategy buys it back because then it is more profitable than buying new CRV to lock into yCRV. 2) Also yCRV being below peg drives APY up. If one yCRV is half CRV then you can get twice the yield by selling CRV and buying yCRV off the market. Don’t see why buybacks are needed. Please make a more details proposal about this if you want to make this happen.

0
10 месяцев назад
Luke- Автор вопроса
defiglenn
yCRV/CRV has, historically, tended to return close...

I just think given the hack, for current users inside yCRV, buybacks to get it to mid-low 90% range would be a good idea

0
10 месяцев назад

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