SIP: Debt-to-Equity Swap #19
glasgowm148
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No. If reserves go under 100% for some non-wick period, then the protocol has failed in my view. Better fix and re-deploy, than try to revive with future-profit promises. Sigusd holders are still getting their fair share, and they probably had time to exit. https://www.ergoforum.org/t/lessons-for-sigmausd-from-the-djed-paper/2345 |
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When the RR is below 100% maintain the peg by paying part of the debt using equity (RCs)
Taken from Ideas for improvement of the Djed Protocol - Dr. Bruno W Paleo | Ergo Summit 2022 - DeFi
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