Why BSCSATS lets you sleep at night

⛵ + 🌊 + 🧸 + 🛌🏽 + 💤 = 💰

Crypto and DeFi are plagued with volatility. Volatility certainly offers opportunity to make some dola but it also promises severe emotional swings and sleepless nights. To reduce volatility, investors often diversify their portfolio and build a warchest of uncorrelated assets so they can weather a rough storm in the markets. However in crypto it is hard to escape any rough weather with assets being so correlated. Many users may hold USD pegged stablecoins but at the same time feel like they are missing out on potential gains and getting burned by inflation (money printer go brrrr… 💵 🖨️ → 🧻)

BSCSATS acts as a dampened reflection of the crypto market as a whole. Do you believe the crypto market as a whole will go up but can’t stomach the bumps and the dips? BSCSATS provides an answer. BSCSATS trails the crypto market and smooths out the bumps and the dips allowing BSCSATS holders to sleep at night. Yes, it is still correlated to the crypto market but it is heavily damped (due to the regular Dutch Auctions), and you don’t need to worry about fiat money printing eroding your sizable cash position.

But sir it can’t be true? - The proof is in the pudding. BSCSATS launched on the 15th of May at a value of $1.618. ETH was approximately at a price of $4K. It was not a week later that ETH plummeted to $2K, and the Basket Factor of BSCSATS Protocol rolled down from 100% to 50%. BSCSATS was as solid as a rock and barely moved 5% off of the target price. If BSCSATS was your typical stablecoin it would have broken in the first week. How many stablecoins are there which can hold their peg with only 50% collateral backing. In fact many prominent stablecoins did completely lose their peg as the rivers ran red during that week. Since then, the Dutch Auctions played their part, arbitrageurs and bots made profit and now at the time of writing the Basket factor is at 100%.