Just wondering, is the EMP bonds similar to something like HBD? It always returns whatever the peg is so you basically do this to help return to the peg.
Posted Using LeoFinance Beta
Just wondering, is the EMP bonds similar to something like HBD? It always returns whatever the peg is so you basically do this to help return to the peg.
Posted Using LeoFinance Beta
Bond work in a different way. You can only buy bonds when EMP is under peg and then you buy 1 bond for 1 EMP. But when there are enough bonds bought and EMP is going back over peg, you can no longer buy bonds.
As soon as EMP peg is at 1.01, you can redeem your bonds. But at that point you just get 1 emp per bond back. If the EMP peg would be at 2 it's becoming more interesting to redeem bonds, and the higher the peg would go, the more interesting it becomes to redeem your bonds.
So yeah, bonds are there to support EMP going back to peg and over, but they don't work the same way as HBD.