Hello @cp0x,
Thank you for dedicating time to review our report. Going to your comments:
- The effect of grant liquidations on pricing is significant, but isolating its measure is complex due to the various simultaneous forces in the market. Our analysis, based on ARB’s daily volumes, liquidity, and market depth, has enabled us to derive an overall estimate. We recognize the challenges in this estimation, stemming from the involved complexities. Furthermore, Siddique and Aera have also conducted their own independent analyses.
- While it wasn’t specifically stated, the stablecoins referred to in our report are predominantly USD-pegged currencies, including but not limited to USDC, USDT, and DAI. These can be effectively employed in yield-generating strategies in a risk-adjusted manner.