Hacker News new | ask | show | jobs
by GreaterFool 2617 days ago
If the peg was actually backed by anything then yes, that'd be unusual.
1 comments

Not really no, it depends on how much liquidity of a certain type is worth compared to liquidity of another type. Given the volatility in crypto markets this tends to change drastically in different times.

Same as why lending rates for crypto & fiat can go from 0.0001% to 0.08% (per day for example) in a matter of hours based on certain sudden price action.