1. With the RAI protocol, is there a point that the redemption rate drops to zero to encourage reduction in supply and it is still not enough. You mentioned -ve interest rates as the incentive?
2. I note the price of RAI has trended downwards over the last few months. What's to explain that. Is that just it following the price of eth? If so aren't you just being indirectly exposed to eth which defeats the whole process of a stable coin which is to keep its price stable
Enjoyed the read. A couple of questions
1. With the RAI protocol, is there a point that the redemption rate drops to zero to encourage reduction in supply and it is still not enough. You mentioned -ve interest rates as the incentive?
2. I note the price of RAI has trended downwards over the last few months. What's to explain that. Is that just it following the price of eth? If so aren't you just being indirectly exposed to eth which defeats the whole process of a stable coin which is to keep its price stable