 | The address which belongs to Vitalik has deposited 500 ETH in Reflexer Protocol to mint 150k RAI, and swapped 132.5k RAI for 378.5k USDC. Additionally, they swapped 17.5k RAI for 50k DAI. Do you think Vitalik is gambling or is he profiting from the current situation by making sure that the stablecoins that are depeged will reach to the peg of $1 again? In my opinion, his move shows USDC and DAI have a nice mechanism behind it that will lead to the redemption of the $1 peg certainly. Now all eyes are on Circle's Monday move. [link] [comments] |
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