CryptoPummelX

Economics 101 - If you want to acquire $USH right now, with it trading at ~$0.95, the best way of doing it is not by minting through Hatom, but directly buying it on the markets. e.g., you can bridge USDC/T to MultiversX and swap it for USH at a ~5% discount. By doing that, you will: 1. Get ~5% more USH than you would at a 1:1 peg; 2. Remove USH from LPs, increasing its relative price; 3. Increase the demand for USH on the markets; 4. Avoid increasing the supply of USH (that's what mint does) while demand is still unmatched; 5. Have the possibility to profit from the difference when (if) it trades at $1 or above. There are some slightly more complex operations to arbitrage this situation, but simply buying USH from LPs with other tokens is probably the most effective way of doing that, if you believe USH will get to $1 at one point. The risk here is the peg never happens (unlikely, imo). Don't forget this is all a huge live experiment, so dyor. FWIW., I'm still in the observing mode. I did some tests yesterday in the isolated pools, by depositing EGLD > minting USH > repaying the loan > withdrawing EGLD; and I'm constantly watching the markets before acting. Huge shout-out to Hatom Labs (@HatomProtocol) team (cc @arno_web3 and @Davyegld) and @rather_labs for their quick response and feedback loop, guiding me during the operation and constantly monitoring the backend and fronted after the launch to fix minor issues. This all was expected. USH doesn't even have 24 hours of its launch on mainnet and the markets need time to reach balance (if ever) and adjust. The biggest opportunities (and risks) are in these first hours and early days. Each one must decide for themselves when (if) they want to participate at these conditions, while the experiment runs. Also, one of the reasons why I wasn't expecting a huge EGLD pump too soon (and commented about that in a few posts) due to USH — as some people were pushing — until it gets enough liquidity, demand, and volume. Any meaningful USH<>EGLD swap will inevitably create unbalances in the LPs, sending the USH's market price down, until it is arb'ed upwards again. There are real economic limitations on how much people can long EGLD with USH, right now; but these limitations are expected to diminish over time if USH gets enough market trust (which is essential, especially considering its `Properties`). USH can have massive net-positive effects to Multiversx in the mid and long run, imo. Short term, nobody knows. Many things can happen. It's a natural phase that requires patience and even more careful due diligence. Play safe and enjoy! This is a significant milestone to Hatom, MultiversX and $EGLD.