How to help BUSM peg
This is key whilst BUSM has lower liquidity, everyone can benefit personally whilst also helping to stabilize the BUSM peg.
The most healthy option for BUSM peg is to use xBOMB as collateral and then borrow BUSM. Guides for which can be found here.
When BUSM is below peg users should;
- Buy BUSM off the open market for a discount on 1inch here (RECOMMENDED). For Pancakeswap use the following token address: 0x6216B17f696B14701E17BCB24Ec14430261Be94A
- Can also repay pre-existing debt cheaper.
When purchasing BUSM via 1inch use BUSD, their system shows you the best rates available, so you get the most for your money.
The easiest way to think of this is, if you can purchase a stablecoin for less than $1, do so! As BUSM liquidity increases, these arbitrage opportunities will become more uncommon and less profitable, make the most of it while you still can!
When BUSM is above peg users should;
Doing this, a user will be able to borrow BUSM at a 1:1 ratio with USD (as 1 BUSM is always equal to 1 USD on our borrowing page) which they can then sell on the open market for a profit.
Last modified 1yr ago