1/ eUSD has emerged strong from a trial by fire. What exactly happened though.

24 Mar 2023, 18:18
1/ eUSD has emerged strong from a trial by fire 🔥 What exactly happened though? In this post, we pop open the RToken hood to understand their self-healing mechanisms 🚗 We discuss two key RToken processes w/ the help of diagrams: 1. Basket Switch 2. Re-collateralization 🧵👇 1/ It's been a wild couple weeks amidst the banking turmoil and USDC depeg We also bore witness to the incredible self-healing process of eUSD allowing it to regain peg under its own power Today, the process concludes and eUSD becomes fully collateralized again. Here's how👇