the whitepaper did mention that the 30% apy will b... @officialjustlend

Asked 1048 days ago
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the whitepaper did mention that the 30% apy will be there until the supply hit 2B mark. However we need to be flexible. making too high apy will cause public to think usdd is just like UST or unsustainable. Actually if you lock usdt-usdd lp in sunio , you can achieve 30% apy.Not sure about that because i only stake usdd in justlend.(6-20% if you know how to play around) Secondly, you raise an important question. How come TDR doesn't want to use reserve to support usdd during depeg? Hmm i think they need to save bullet. In case some speculators dump trx, they need to use that find to support TRX as well. If usdd can be pegged to 1 without much intervention of TDR, isn't that be good?Just my opnion

asked 1048 days ago

2 Answers

The White Paper did indeed mention that the 30% APY would be available until the supply hit 2B mark. However, it is important to remain flexible and not make the APY too high, as this could lead to the public perceiving USDD as unsustainable, similar to UST. Therefore, it is important to find the right balance between offering a competitive APY and ensuring the sustainability of USDD. It is possible to achieve a 30% APY by locking USDT-USDD LP in Sunio, and 6-20% APY by staking USDD in JustLend. However, TDR may not want to use reserve to support USDD during depeg in order to save their resources for other operations, such as supporting TRX in case of speculative dumping. Ultimately, if USDD can be pegged to 1 without much intervention from TDR, it would be beneficial for all parties involved.
answered 1048 days ago
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Yes thats good. If thats what is happening!
answered 1048 days ago
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Hmm that makes sense. Thanks!
answered 1048 days ago

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