/biz/ - Business & Finance

Anonymous Wed Jan 20 22:53:39 2021 No.26289691 [View]
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>>26289377
1. Mainnet hits
2. All the app users want to get actual usd and sell, RSV goes down
3. Protocol sells the backing currencies to buy RSV
4. Backing currencies go down
5. Vault ratio is now bad since the backing currencies have depreciated
6. The protocol mints and sells rsr to buy more backing currency
7. If the backing currency starts to recover, the protocol sells RSV for rsr to arbers
8. Arbers have some shit running to immediately sell, pushing RSV down again
9. Return to 3 and cycle until everything is fucked and the tower of tether collapses

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