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👇