Bm, Nome fam!
Weβve hit 2M in the StabFund β huge milestone! Right now, weβre just waiting on the auditors to finish reviewing our migration to the new StabFund. Once thatβs done, itβll be fully DAO-controlled and earning yield, which we planned to use to boost our collateral ratio all the way to 100%
But yeah⦠tough times hit the whole crypto space before we could finish that, and we kinda got caught with our collateralization sitting at 94%
Originally, we set our allowed price range (where the StabFund doesnβt step in) to [0.95, 1.05], and as we grew, we tightened it up to [0.98, 1.02]. That felt right at the time
Right now though, we canβt maintain that tighter peg, so weβre going back to the 0.95 lower bound for now
Whether you wanna sell your USDbr or hold and wait for the peg to come back β totally your call. Either way, your stakes are 100% safu
This rocky stretch wonβt last forever. Weβre aiming to keep our gauge APR at least 20%, which is still a solid return
Stay strong and stay with us - better days ahead