Re:Another stablecoin loses peg – DEI team working to restor...
by kristjansson on Tuesday May 17, 2022 @11:51AM
(#31412486)
Interesting. Coingecko is basically reporting #(float) * price for a coin, while Coinmarketcap is reporting #(minted) * price. Neither of which feel perfectly accurate for token pricing, but do seem like reasonable high and low endpoints, with the gecko version closer to an estimate of 'other peoples money' involved in the coin.
[ Parent
| on HN ]
Re:Another stablecoin loses peg – DEI team working to restor...
by lalaland1125 on Tuesday May 17, 2022 @12:02PM
(#31412639)
Coinmarketcap isn't reporting the minted numbers. Coinmarketcap is just reporting the theoretical maximum in the protocol. It's a really bad estimate.
Re:Another stablecoin loses peg – DEI team working to restor...
by kristjansson on Tuesday May 17, 2022 @12:31PM
(#31413062)
Oh, wow, really? That's even worse.