I checked thor scan looks like theres around 500 BTC in their ecosystem, it looks like there would still be enough volume to print their shitcoin and bail themselves out but if the markets spooks, oef its tickets
But at 500 BTC size hardly a dent really so not much cheap sats, pity
They share @MarediaShehzan X thread in this which is super concise and where I learned about it. Basically, when you give them bitcoin as collateral for a loan they sell it to buy their token, then when you payoff the loan, they sell their token and buy bitcoin.
At least as stated, if bitcoin is appreciating at a rate much greater than the token, it sounds like it'll inevitably explode.
Lets take a look into Coinbase next.
Would be a 🤡 show behind that curtain
That will be fun! Or Binance!
I checked thor scan looks like theres around 500 BTC in their ecosystem, it looks like there would still be enough volume to print their shitcoin and bail themselves out but if the markets spooks, oef its tickets
But at 500 BTC size hardly a dent really so not much cheap sats, pity
They share @MarediaShehzan X thread in this which is super concise and where I learned about it. Basically, when you give them bitcoin as collateral for a loan they sell it to buy their token, then when you payoff the loan, they sell their token and buy bitcoin.
At least as stated, if bitcoin is appreciating at a rate much greater than the token, it sounds like it'll inevitably explode.