Deploying more capital - steady lads
Just ran a quick calculation with a market maker - even though USDD has materially depegged to $0.98, there is more than enough TRX/BTC liquidity in the books to fully repeg it in the interim. I would say it's wise to buy at $0.98 and sell at $1, free money really
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Algo is not working.
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There is no algo.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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There's no active market mechanism to repeg it though. There's more then enough in USDC reserves alone to repeg it but it's dependent on the good graces of Justin
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Exactly - all these facts are based on the assumption that Justin is willing to plow all of the listed collateral into USDD, which is not necessarily a given
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Thanks for the info man
Thanks. Twitter will use this to make your timeline better. UndoUndo
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In fact, even if USDD depegs to $0.9, only $36m is needed to repeg it. Calculation herehttps://twitter.com/0xSh1r0/status/1536600967843442688 …
Let's say what@AlgodTrading said is true and$USDD falls to $0.9. How much money would@justinsuntron have to inject on-chain to repeg it back to $1.
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agree but why they are not using reserve to buyback usdd and stop the fud
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What's the point to not keep the pegging with so much collateral? And even making it a marketing thing
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It's very easy for him to force pegging. However, if it is easily solved with money, there may be other side effects. So I'm guessing it's delayed as much as possible.
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