Sign of product market fit on parametric insurance... pool of $4mm designed to insure UST in the event of depegging, with 100% utilization (people actually borrowing!)
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I bought some, very cheap bet on ust depeg. not really insurance for me cause i dont own UST rn lol
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yes, like buying swaps. agree at 0.1% super inexpensive
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credit default swaps *
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writers probably tryna get an airdrop, or its anchor related money boostraping product. In any case just enjoy lol
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yea underwriters are getting tickets as compensation which somehow transfer to tokens later. at 0.1% its basically free CDS to buy
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Do finna tell me “buy me all the ust CDS you want at 0.1% and fuck off”
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Remind me to sit on you later