General Discussion

So, this would be based on crypto? That's what I understand, like the stable coin. I have many questions that they didn't really cover.

It seems that the way the dividends come about is by loaning out money, your $3 becomes $97. Is that correct? If so:

• Who is handling these transactions and overhead?
• What if people don't pay back the loan?
• What if that money is stolen? Crypto can be easily corrupted and traced.

There's more questions. I'm not trying to shoot it down, I just want to understand.

Edit, is it still tied to SOFR?

However, it may still be vulnerable to manipulation. Banks can borrow and lend at biased rates in the wholesale funding market, which can lead them to profit in the much larger market for benchmark-indexed contracts.[8] It was therefore suggested that the lending costs of individual banks be published to increase transparency and deter manipulation.[8]

The Bank for International Settlements, which serves as the bank for central banks, said in March 2019 that a one-size-fits-all alternative may be neither feasible nor desirable. Although SOFR solves the rigging problem, it does not help participants gauge how stressed global funding markets are. That means SOFR is likely to coexist with something else.[13]

https://en.wikipedia.org/wiki/SOFR