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RedlineDrifter @RedlineDrifter on x 6871 followers
Created: 2024-09-20 10:35:04 UTC
This repeg proposal actually looks really promising and is definitely worth a look. Given the lack of CEX support and the loss of the LFG reserves we realistically have to move away from fully algorithmic to an over-collateralised semi algorithmic model and this proposal looks to do that effectively.
Now I do see some issues with it; such as having fixed token weighting determined by governance, but there's nothing at first glance that can't be easily fixed.
Also not compulsory but I'd suggest keeping a min of XX% of collateral in exogenous stables such as USDC. It's a little loophole that would make us MICA compliant and make us a lot more favorable to CEXs.
All in all though it's definitely worth the read and one of the first proposals I'm actually looking forward to reading in full.
#LUNC #USTC #JURIS $LUNC $USTC #JURIS
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Related Topics governance token cex promising