> Traders are taking advantage of this arbitrage mismatch, buying up DEI coins and exchanging them for $1 worth of collateral, making matters worse. Deus Finance reacted by halting the redemption process in order to try and stabilize the coin.
Good luck with that.
Who else is reminded of the story of George Soros "[making] $1.5 billion in just a single month [in late 1992] by betting [that] the British pound and several other European currencies were priced too richly against the German deutsche mark"[0] ?
Good luck with that.
Who else is reminded of the story of George Soros "[making] $1.5 billion in just a single month [in late 1992] by betting [that] the British pound and several other European currencies were priced too richly against the German deutsche mark"[0] ?
[0] https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes...