HOW $DEI WILL RE-PEG (brief)
Hope this is useful; some comments on DEI peg. T-Bond model: debt issued by the U.S. government to raise money. $DEUS will mimic. When you buy a T-bond, you lend the federal government $, & it pays a stated rate of interest until loan comes due.
Hope this is useful; some comments on DEI peg. T-Bond model: debt issued by the U.S. government to raise money. $DEUS will mimic. When you buy a T-bond, you lend the federal government $, & it pays a stated rate of interest until loan comes due.
Main goal: bring DEI back to peg. So to do so, they plan on using this model. $DEUS will sell treasury bonds in exchange of collateral.
Now, what happened? During the hack, @DeusDao is short on USDC on treasury.
Now, what happened? During the hack, @DeusDao is short on USDC on treasury.
This proposed approach intends to burn 35M (by selling these bonds) and to add collateral . Adding this, means less risk.
So: this will create an unbreakable backing at 1 DEI: 1 USDC while also making have $deus less selling pressure in the future!
So: this will create an unbreakable backing at 1 DEI: 1 USDC while also making have $deus less selling pressure in the future!
I also suggest #DYOR. You can find an article by @lafachief in @DeusDao twitter feed. Cause I always, could be wrong.
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