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Joestar⭐
@JoestarCrypto
the worst of both worlds between an analyst and a shitposter In my vibecoding arc, flipping defillama soon
参加 February 2023
1.2K フォロー中    15K ファン
BAM auto buyback mechanism is live and $RBT trades at $3,89 with a $5,44 reserve So either it’s working as intended and there might be a real opportunity here or it’s not and the experiment fails because of trust issues Let's see but i'm optimist
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Bonds are currently closed because RBT market price is below reserves per RBT. Opening bonds in this state would reduce reserve coverage per RBT for existing holders. To re-open bonds on Monday, we'll use protocol fees already accumulated to TWAP support RBT market price to reach closer to backing price. Going forward, the new bonds contract automates this by routing the 6.9% protocol fee into RBT buybacks whenever price is below reserves.
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