cUSDO currently depegged Protocol is perfectly safe as it is, it's under peg because many non-KYCd people had their PTs expire and want to exit immediately A $300,000 swap gives $301,083.18 (for KYCd users), redeemable in 2-3 days For non-KYCd users, your alternative is doing the first leg (cUSDO buy), wait for arbitrageurs to peg it, and then sell in open market. The arb margin will be smaller, so probably best to do it if it depegs further 🌱 btw, olimpio is a seed investor in OpenEden You can see re-peggers in action if you monitor buys geckoterminal[.]com/eth/pools/0x90455bd11ce8a67c57d467e634dc142b8e4105aa These are people who then go and redeem it for the premium cUSDO underlying are t-bills

👀👀 Redemption has a fee (0.015%), so to be a profitable arb current rate is not enough This one works for non-KYC