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Head of Research @TheSpartanGroup (Labs); Crypto Journalist @techinasia
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May 10, 2022
8 min read
Why $ust's peg has everything to do with
A thread on $ust's collapse with
The story begins - believe it or not - with $DAI, and how it maintains its peg.
As a stablecoin backed by collateralized debt positions, the outstanding loans within DAI’s economy play an important role with regard to DAI’s ability to maintain its peg.