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Can someone explain why USDX hasn't recovered since the de-pegging?

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Hello there, please send me a direct message regarding this.

D- Автор вопроса

When it comes to the risk of de-pegging, it's important to note that USDX is an overcollateralized stablecoin. This means that it is always valued at $1 on Kava Mint. However, the price of USDX on the secondary market is determined by supply and demand and cannot be controlled.

D- Автор вопроса
Cameron | Kava (I will never DM first)
When it comes to the risk of de-pegging, it's impo...

So why nobody doing arbitrage but on secondary market sell on kava?

D
So why nobody doing arbitrage but on secondary mar...

It's something I cannot respond to since it's the market behavior that cannot be controlled.

D
So why nobody doing arbitrage but on secondary mar...

You can't arbitrage it as you can't sell the USDX at $1 only repay previously borrowed USDX.

CryptoDaz (Darren)
You can't arbitrage it as you can't sell the USDX ...

Hey can you clear the relayer channel -151? There are some transactions stuck

Broken heart
Hey can you clear the relayer channel -151? There ...

Today is Saturday, and the team usually does not work on weekends.

Broken heart
Hey can you clear the relayer channel -151? There ...

I sent someone a message. Hopefully, it will be resolved soon.

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