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A comment on Another stablecoin loses peg – DEI team working to restore the peg. Parent comment
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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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?