There are two assets, DUH and DUSD, and no reserves. A central mechanism monitors the market price of DUH and allows minting/redeeming 1 DUSD in exchange for 1/P(DUH) units of DUH.
By no-arbitrage, P(DUSD) = 1/P(DUH) * P(DUH) = 1.
RT @GyroStable
Community update
1️⃣ Level 4 is live - more challenges will follow soon!
2️⃣ A new chance to join the DAO: Wave II of Level 3 is live as well
3️⃣ More than 8k accounts registered for the gov forum - this is great, but calls for more moderation
RT @RokoMijic
Seems that the whole herd immunity thing was BS then?
As a non-expert I feel seriously mislead.
If the vaccines have very little effect on transmission, there really isn't an argument for vaccine mandates.
There might still be an argument for mask mandates though. https://twitter.com/michaelmina_lab/status/1464703819061895175
Mark Twain ate his frog first thing in the morning and became more amphibious than you can possibly imagine.
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RT @chaosprime
Socrates ate the hemlock and became more poisonous than you can possibly imagine
https://twitter.com/chaosprime/status/1463766427710726144
RT @aklamun
📣 DeFi researchers: submit your work to the 2nd DeFi Workshop @IFCA_Conference by Dec 5!
Last year's workshop was a huge success with great speakers and papers all around. DeFi research has grown a lot since! This year should be even better in person.
https://fc22.ifca.ai/defi/
RT @GyroStable
Gyroscope Level 4 is live now 🚀
https://medium.com/gyroscope-protocol/gyroscope-level-4-enter-the-frog-games-b5b80f5d3ad2
Let the Frog Games commence - it's bots vs frogs!
Seems to confirm a truism: it's usually better to choose an investment + hodl than trying to trick the market into giving you money.