Okay let me check I've searched on google on coon ... @beefyfinance

Asked 1047 days ago
Viewed 89 times
0

Okay let me check I've searched on google on coon market cap. But didn't get the peg info which I'm searching for. In synthetix they don't have any info about the amount of which is peg to keep the price same as eth. If they failed to hold the price then the same thing will happen like luna

asked 1047 days ago

2 Answers

Answer:It is important to do your own research (DYOR) when investing in any asset to make sure you understand the risks involved and are comfortable with them. It is also important to reach out to the team or project behind the asset and ask any questions you may have to make sure you have all the information you need to make an informed decision. In the case of Synthetix, it is important to understand how they are pegging the price to ETH and what would happen if they failed to hold the price. This is especially important given the recent example of Luna, which saw a significant drop in price after failing to hold its peg. Ultimately, it is up to you to decide on your own risk tolerances and make the best investment decision for your needs.
answered 1047 days ago
0
this is up to you to DYOR and decide on your own risk tolerances. Beefy is a tool to help compound your yields but the ultimate investment decision is up to you
answered 1047 days ago
0
sounds like you know who to reach out for more info.

Subscribe to our newsletter

* indicates required

Thank you for subscribing!