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Homeby Witness Moecki
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Their synthetic dollar,

tt0xkaren.tiptag (63)in TipTag • 8 months ago

Their synthetic dollar, deUSD, is minted from stETH and sDAI collateral, which is used to short ETH in a delta-neutral position.

This funding rate basis trade captures yield when funding rates are positive.
#SheDao #Tiptag

1000305879.jpg

#shsdao #mmm #shedao #tiptag
8 months ago in TipTag by tt0xkaren.tiptag (63)
$3.46
  • Past Payouts $3.46
  • - Author $1.73
  • - Curators $1.73
3 votes
  • + wherein
  • + nutbox.mine
  • + slimeonchain
Reply 0