Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi...
by graeme on Monday June 28, 2021 @04:39PM
(#27667758)
I know market cap isn’t sensible for coins with varying values, but for stablecoins equal to $1 market cap is supposed to be the number of tokens in circulation and therefore should be close to reserves.
Number of reserves is its own issue but only having 0.1% reserves is miniscule.
Number of reserves is its own issue but only having 0.1% reserves is miniscule.