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by pas
1487 days ago
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could you explain this in a bit more detail? why it's difficult to mint new DEI, or why it's difficult to put collateral into the system? is the incentive that "currently it trades below 1.0, so I buy it, then redeem it for 1.0" which should drive the price up, right? where does the money come from to finance this arbitrage? is there a redemption pool that shrinks every time someone executes this cycle? |
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