detoo

detoo I think the way Ib works is, it will allow people to give up their ohm in exchange for DAI that is higher than market price, then these ohm will be burnt hence increase backing. Not everyone can do that but only a handfull people that quick enough can get in. The way I see it can be profitable business is, use Dai to buy ohm when price below liquid backing then bond, repeats the process if ohm market price still below the backing price. This will push the price up. Remember, this arbitrage will not only beneficial for them but also benefit for protocol since the protocol buys ohm below liquid backing. In this case, only people that sells below liquid backing price is lost.