Robert ⟠ | Polaris
@robpolaris
Building permissionless onchain markets @polarisfnd
Believe in somΞTHing
1.1K Following 2.4K Followers
Update on the USDp minter experiment
pETH collateral: Increased by 0.3751E
USDp debt: decreased by 20k USDP
Overall protocol P&L = 23k USDp or +41.5%
You might ask how did my collateral increase & debt decrease
This is what @polarisfnd minting & redemption unlocks
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While all my group chats are chasing ohm forks on RH chain im building looping calculators for non-liquidatable reserve loans
Boys this is gonna cook
3,3 might actually be back...and sustainable this time
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1/ A little-known feature of @polarisfnd:
Because anyone can permissionlessly issue or redeem USDp against pETH through the PSM, every USDp CDP effectively behaves like a virtual USDp/pETH liquidity position.
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If you are the owner of 0x3dF83eC9d2b62bb9bb83EbA1218A202564bb67DA
Please dm me
We would like to chat about your @polarisfnd testnet testing :)
