The arbitrage market for RTokens is heating up.
29 Oct 2023, 13:34
The arbitrage market for RTokens is heating up 🔥
Read on to learn about the dance between MEVooors autonomously bringing RTokens to peg, including involvement from prolific whitehat c0ffeebabe.eth ☕👇
Same news in other sources
229 Oct 2023, 13:34
Hours later, c0ffeebabe learns that eUSD is OVERPRICED on Curve, so she does the opposite:
1) flashloans collateral to mint 100k eUSD
2) sells the overpriced eUSD for profit!
Sounds easy enough, but these are quite sophisticated actors taking part (fund flow for the curious)
Hours later, c0ffeebabe learns that eUSD is OVERPRICED on Curve, so she does the opposite:.
Hours later, c0ffeebabe learns that eUSD is OVERPRICED on Curve, so she does the opposite:
1) flashloans collateral to mint 100k eUSD
2) sells the overpriced eUSD for profit!
Sounds easy enough, but these are quite sophisticated actors taking part (fund flow for the curious)
29 Oct 2023, 13:34
At the end of the day, eUSD maintains its stable $1 peg ✅
A practical example of how RTokens' redeemability and 1:1 asset backing enables these efficient markets!
At the end of the day, eUSD maintains its stable $1 peg.
At the end of the day, eUSD maintains its stable $1 peg ✅
A practical example of how RTokens' redeemability and 1:1 asset backing enables these efficient markets!