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👇  

