RUNNING LEAN ON USDEX. We know there have been some concerns about USDEX peg lately and wanted to address this directly.
31 Mar 2023, 06:37
RUNNING LEAN ON USDEX
We know there have been some concerns about USDEX peg lately and wanted to address this directly. The peg bot is still operational and running as intended. Moving into the migration we are running lean and not sacrificing treasury capital to support above peg which is why you’ve seen USDEX slightly below $1 recently. We will continue to support the price floor but have eased up the bot to be a bit more flexible so that the treasury can buy back cheaper. During the migration in about a month all USDEX will be exchanged 1-1 @ $1 no mater the price.