1/ Asymmetric incentive to short is a huge problem for all seignorage share style stablecoins like @basisprotocol.
The scariest thing about being short is the risk of a squeeze. But if I short a stablecoin, my downside is capped at just the interest rate on my borrow.
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How much money did they raise in total? The 133m number has always seemed a little low to me.
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