What about a variable borrow apy on minted vai,that the apy will cover the difference between vai price and 1$.
And will be a supply apy on vai staking on vault.this will make vai like other stablecoins,that we can supply that and earn vai.
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I think the most simple solution would be if using VAI was allowed as collateral (with no interest earned). It would allow you to borrow USDC and buy cheap VAI which you can use to stake more VAI and contribute to VAI increasing in value. Let the users fix the price through active arbitrage buying.
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The problem is if they really want the VAI ≈ 1.0 $, i remeber when they make the minted fees many people have said this minted fees didn’t have any help for VAI to peg.
Mint fees and VAI liquidation can’t let VAI close to 1$. I thought add an interest jump-rate of VAI is more considerate
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