OpenEden Compounding OpenDollar (CUSDO)

cUSDO currently depegged

Protocol is perfectly safe as it is, it's under peg because many non-KYCd people had their PTs expire and want to exit immediately

A $300,000 swap gives $301,083.18 (for KYCd users), redeemable in 2-3 days

For non-KYCd users, your alternative is doing the first leg (cUSDO buy), wait for arbitrageurs to peg it, and then sell in open market. The arb margin will be smaller, so probably best to do it if it depegs further

🌱 btw, olimpio is a seed investor in OpenEden

You can see re-peggers in action if you monitor buys

geckoterminal[.]com/eth/pools/0x90455bd11ce8a67c57d467e634dc142b8e4105aa

These are people who then go and redeem it for the premium

cUSDO underlying are t-bills

Good compliance indeed offers an advantage.

$cUSDO (underlying asset is US Treasury bonds) can now be accepted by the custodian Ceffu as collateral for leveraged trading on BN.

Note that this is off-exchange; it's not in BN's own wallet but held by the custodian.

Using national debt as collateral for trades, it's truly impressive. https://t.co/EeSVEvTIFP https://t.co/Be4cUfn5J1

Step 2. Paste that badboy in Etherscan

My son heard me use the phrase badboy once when he was like three and looked at me with sad eyes

"But daddy, why is it a bad boy?"

Ah, youth.

Once you're there, click "Contract"