gUSD₮0 just launched on Arbitrum and has been performing well. In just one week, it has increased from its starting value of .9992 to 1. Annualized that's about 41.9% (.806% x 52)
DeFi Devin, I'm scared of the drawdown though. Will that performance last?
Good question my dear anon. If the prices are volatile but stay in the underlying ETH/USDT range, the drawdown will never be realized. If it approaches the end of the range and rebalances, that's when the drawdown is realized. Good if you think ETH/USDT will stay within this range or not move around much.
If you think ETH will catch an infinite bid from institutions, wait until we launch our leveraged long ETH token that earns yield!
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