Obtain slippage free BSCSATS
Bullish on non-pegged stablecoins like BSCSATS but want more of the upside? Heard about BSCSATS and want to load up?
You can obtain slippage free BSCSATS via the Dutch Auctions held by the Protocol at least two times a day, here is a quick rundown:
In the event that the market price of BSCSATS is below target price and the Basket of the Protocol is not well supported the Protocol needs to mint new BANK to help support the Basket during a contraction. This situation is specifically known as a down contraction case.
You can obtain this newly minted BANK via the Dutch Auction.
🎁 Purchase BSCSATS from the market.
✅ Sell the BSCSATS to the Protocol via the Dutch Auction at a profitable price relative to the market.
💰 Receive WETH and BSCSATS from the Protocol slippage free.
(🏦 ,🏦 ) Convert the WETH received for BSCSATS on the open market (subject to DEX slippage).
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