@plsxcrypto@OneLittyKitty@Raph5555ael@smiriam2 The market doesnโt care who owns what?! The market cares whether thereโs a profitable reason for participants and bots to push pDAI towards $1 and stay thereโฆthe only question is what creates the buy pressure and arbitrage incentive that forces that? Can that existโฆyes.
@NateJay101@toospooky Youโve explained why you think the old system faile. You havenโt explained why a peg is impossible? Those are two different arguments. No oracle doesnโt mean no peg. It means no oracle. The only thing that matters is whether thereโs an economic incentive to close the gap to $1.
@plsxcrypto@ChineseJeff13@HEX_Buzz@GigaTheMinter Fair enough CJโฆBut if pDAI is to become a genuine stablecoin ecosystem rather than a speculative token, then eventually somebody absolutely does need to care about borrowing it!