Deploying more capital - steady lads
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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
But, as always: - Not financial advice, I'm a horrible trader And also: - This is assuming Justin Sun is willing to deploy all of the advertised collateral to defend the peg (I think so, but it's not guaranteed) - This is only for the short term; the *next* depeg may be different
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Well, I was wondering why you were proposing with such certainty
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It is certain that if all of the collateral is deployed, USDD will repeg in the short run - it's not like LUNA where there's not enough money in the books. USDC, BTC, and TRX are liquid enough. The question is, will all of it be deployed? (I think so, but it's not a given.)
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You don't get it do you
@justinsuntron is old@stablekwon I wouldn't touch any thing@justinsuntron is involved with -
Yeah I mean what could
@FatManTerra possibly know about Do Kwon
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so you were just a justin alt all this time, ggwp sir
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Like I said not sustainable
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This a liquidity black hole as traders set in
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“Collateral” should only be used to refer to coins where you can actually enforce the asset to protect your value. Having someone willing to deploy capital to defend a peg is just that, it can work, but it’s definitively not collateral
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Justin controls almost all the USDD in circulation (and the only major offramp through Poloniex). This is not the same as LUNA/UST since there are no liquid ways to short USDD and there is no mint/burn mechanism. He can restore the peg when he chooses.https://tronscan.org/#/token20/TPYmHEhy5n8TCEfYGqW2rPxsghSfzghPDn/holders …
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That’s what they say for UST lol
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