The only way to peg it is to always be willing to give someone a $1 for one, which will drive the price towards a $1 assuming you can convince people to buy the

The only way to peg it is to always be willing to give someone a $1 for one, which will drive the price towards a $1 assuming you can convince people to buy them. The problem is that this coin won't give you $1 - assuming they're allowing redemption at all, it will give you .80c worth of coinbase's USDC and .20c worth of DEUS tokens. If you believe DEUS is going to crash, that means the value of DEI is 80c maximum through USDC. Coinbase is of course is dire straits as its stock has plummeted from ~$360 (it's all time high) in early november to $130 in early may and is currently sitting at around $70, so while it isn't a coin, the future of USDC is tied to coinbase and the future of USDC is unknown especially if its parent company is floundering and stock is down to ~20% of its high in november and down ~73% YTD. I would describe their situation as "volatile". DEUS had already lost more than 50% of its value between the beginning of April ($1100) and the beginning of May ($420 ha!), and its continuing on its way down ($200 currently). So not sure how they can maintain a peg when 20% of that peg is in 'currency' that is in free fall, and the other 80% is tied to coinbase whose stock is in freefall this year. They never had any currency backing it at all - it was always coinbase's USDC and DEUS which is the 'luna' of DEI's 'terra'.