To whom it may concern,
Those who participated in the Testnet Bootstrap three weeks ago saw their pETH grow by around 70%.
That may look like volatility, but it’s actually the child of economic activity across Polaris.
For every 100% increase in TVL, pETH increases roughly 10% against ETH.
On the downside, selling 29% of the pETH supply through the bonding curve moves pETH down roughly 5% against ETH.
In practice, we had an insane amount of activity from users and bots, and testnet TVL grew exceptionally fast.
Testnet money, though the same mechanics will carry over to the real Mainnet Bootstrap.
Yours truly.
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