43 sats \ 1 reply \ @fuji_money OP 3 Nov 2022 \ parent \ on: Fuji Money AMA bitcoin
Good q.
There are two topics:
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You do not borrow from a lender, but FUSD is issued on-demand atomically when L-BTC is locked in the smart contract (either Liquid transaction or via Lightning swap)
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Yes FUSDs are all equal, therefore fungible to one another.
Can you please explain why FUSD stays pegged to the USD?
Will you act as a market maker that always sells the liquidated collatoral (in LBTC) for FUSD at pegged price?
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