Stay bullish on $DIA
A stablecoin priced off a thin pool is a liquidation waiting to happen.
Vetro does not do that.
DIA prices VUSD from the treasury. USDC, USDT, and frxUSD reserves, divided by supply, capped at $1.
sVUSD is priced from the vault. totalUnderlying / totalShares. Yield updates the share. The feed just reads the contract.
Market price tells you what someone last paid. Fundamental price tells you what you can redeem.
That is the feed lending markets should use for vault tokens.
A stablecoin priced off a thin pool is a liquidation waiting to happen.
Vetro does not do that.
DIA prices VUSD from the treasury. USDC, USDT, and frxUSD reserves, divided by supply, capped at $1.
sVUSD is priced from the vault. totalUnderlying / totalShares. Yield updates the share. The feed just reads the contract.
Market price tells you what someone last paid. Fundamental price tells you what you can redeem.
That is the feed lending markets should use for vault tokens.
