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43 sats \ 1 reply \ @fuji_money OP 3 Nov 2022 \ parent \ on: Fuji Money AMA bitcoin

Good q.

There are two topics:

  1. 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)
  2. Yes FUSDs are all equal, therefore fungible to one another.
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2 sats \ 0 replies \ @skiff 4 Nov 2022

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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