Hello there, please send me a direct message regarding this.
I know 😂
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.
So why nobody doing arbitrage but on secondary market sell on kava?
It's something I cannot respond to since it's the market behavior that cannot be controlled.
You can't arbitrage it as you can't sell the USDX at $1 only repay previously borrowed USDX.
Hey can you clear the relayer channel -151? There are some transactions stuck
Today is Saturday, and the team usually does not work on weekends.
I sent someone a message. Hopefully, it will be resolved soon.
Dm me your TX hash
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