bDigg doesn’t rebase, when you withdraw it you get back DIGG which is what rebases… The ratio of bDIGG to DIGG is always changing on every rebase, in addition there are harvests which always increase the ratio of DIGG to bDIGG. I’d agree with your statement if it was a DIGG-BNT pool… That being said - I understand and sympathize with the other arguments presented above.
1 Like
Valid concerns but bDIGG does not rebase it’s a representation of your percentage of ownership of all DIGG in the vault, this is what gives DIGG the ability to be composed.
It’s true that maybe it will appreciate in price dramatically which would cause IL from the arbitrage opportunity but that is not limited to bDIGG but any projects with positive tokenomics.
True shame that bancor chads could not see the opportunity here to have honey badgers on their side, we have the strongest hands in defi and treasure chests of bitcoin, so sad…
2 Likes