2 ms·
> the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage pri
by gpt5 5y ago
> the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage price discrepancies and manage the actual supply of tokens. Users can create, or “mint,” new tokens when prices are too high by posting collateral, and destroy, or “burn,” tokens when prices are too low, driving the price up or down.
How does that work? What prevents me from "minting" tokens and running away?
- dkshdkjshdk 5y ago> “mint,” new tokens when prices are too high by posting collateral You can "run away", but the collateral stays.