so that increases crvUSD price??
liquidators buying crvusd to liquididate positions (down and up)
And that’s why crvUSD went above 1 because so many soft liquidations are underway
and pegkeepers mint to bring price back down, crvusd rates continue to drop
For the newly minted crvusd that peg keepers mint, where is the collateral coming from
"When the price of crvUSD in a pool is above 1.00, they are allowed to take on debt by minting un-collateralized crvUSD and depositing it into specific Curve pools. This increases the balance of crvUSD in the pool, which consequently decreases its price."
I get it When do pegkeepers repay this debt
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