Liquity (@LiquityProtocol): 2/ What are redemptions?🤔
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2/ What are redemptions?🤔 Redemptions allow $BOLD holders to exchange it for $1 worth of ETH (LSTs) collateral. When $BOLD < $1, arbitrageurs can redeem it for $1 of ETH, which in turn reduces $BOLD supply & helps peg. In v2, redemptions are based on user-set interest rates👇