Reserve Stabilization

[siddharth]

I would request everyone to have a look at this and post your thoughts on the thread

The Undo Button Proposal

With respect to the new proposal placed by the team, in case of option 1 and 2, the redemption should only be made the people who participated in Genesis. If it’s not done that way, people can easily buy FEI from the market with their motive being only to sell when it reaches its peg. It will just create more sell pressure and that will be at the cost of the PCV. No matter how many redemptions we do, people will then only buy FEI to sell it at peg which happened in the Genesis and is the reason …