Although now there must always be at least 1 bLUSD in the system, so most edge cases are prevented, it seems reasonable to still have a 1 week bootstrap period after the first Chicken In.
During the initial phase, premium should be big, so redemptions wouldn’t make sense, but it still seems safer to let the system grow a little bit before enabling them.
Although now there must always be at least 1 bLUSD in the system, so most edge cases are prevented, it seems reasonable to still have a 1 week bootstrap period after the first Chicken In. During the initial phase, premium should be big, so redemptions wouldn’t make sense, but it still seems safer to let the system grow a little bit before enabling them.