Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Jump to bottom

Redeemer redeems stable-token (say 500 ROKS) #18

Open
ctapang opened this issue May 25, 2021 · 0 comments
Open

Redeemer redeems stable-token (say 500 ROKS) #18

ctapang opened this issue May 25, 2021 · 0 comments
Assignees
@y2kappa
Milestone
5 - Redemption

Comments

@ctapang
Copy link
Contributor

ctapang commented May 25, 2021

The redeemer in this case can be anybody, not just borrowers. She could be somebody who bought the stable-token from a DEX. She comes to the system and deposits 500 stable-tokens, with the aim of receiving SOL in return. This is only profitable when the stable-token exchange rate with USD goes below 1.0.
@ctapang ctapang added this to the 5 - Redemption milestone May 25, 2021
Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Assignees

@y2kappa y2kappa

Labels
None yet
Projects
None yet
Milestone
5 - Redemption
Development

No branches or pull requests
2 participants
@ctapang @y2kappa