nick on Nostr: For some stability systems where "balance is locked in as USD with coverage up to a ...
For some stability systems where "balance is locked in as USD with coverage up to a X% drawdown", once the price falls below that point and the stability contract ends you become net long bitcoin. This is likely not a terrible thing!
You've lost your stability but it's like closing a short position hedge after a huge drop!
https://github.com/nope78787/stabilitypoolPublished at
2024-10-30 07:07:36Event JSON
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"content": "For some stability systems where \"balance is locked in as USD with coverage up to a X% drawdown\", once the price falls below that point and the stability contract ends you become net long bitcoin. This is likely not a terrible thing!\nYou've lost your stability but it's like closing a short position hedge after a huge drop!\nhttps://github.com/nope78787/stabilitypool",
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