DAOs add LUSD to their treasury; LUSD dipping below peg offers buying opportunities

By Liquity
Jan 16, 2024, 9:38 AM
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Multiple DAOs have added LUSD to their treasury, recognizing its value.​ Due to redemptions, LUSD has been slightly below its peg, creating buying opportunities.​ Users can take advantage by setting up limit orders on 1inch or using Mean.​fi for dollar-cost averaging.​ Additionally, Aave is a good platform for borrowing against LUSD.​

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Many DAOs have come to the same conclusion, and added $LUSD to their treasury. Due to redemptions, LUSD has been dipping slightly below peg, offering great buying opportunities. Acquiring it that way also makes you immune to redemptions. One way users are taking advantage of

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MilliΞ
MilliΞ
@llamaonthebrink

The @LiquityProtocol LUSD redemptions might seem bad for metrics and not great for trove holders' UX, but it is definitely a major benefit to LUSD holders who never have to worry about their stablecoin holdings dropping below 99c on the dollar There are trade offs to all designs

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