Depeg risk? @beefyfinance

Asked 1055 days ago
Viewed 89 times
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Depeg risk?

asked 1055 days ago

2 Answers

Answer:Depeg risk is the risk associated with the potential for an asset to lose its peg to another asset. In the case of RenBTC, the risk is that when Ren 1 is shut down, all assets on Ren 1 will be lost, and thus the RenBTC peg to Bitcoin will be lost as well. This means that RenBTC holders will no longer be able to bridge back into Bitcoin, and thus the value of their RenBTC will be lost. This risk is something that RenBTC holders should be aware of and should consider when deciding whether or not to invest in RenBTC.
answered 1055 days ago
0
RenBTC are being sunsetted and there’s no way bridge back into btc after this
answered 1055 days ago
0
All assets on Ren 1 will (might) be lost as per their own communication (sticking to worse case scenario) as Ren 1 network is being shut down, when that happens all pegs basically will go to zero.

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