Why is the price of GHO still unable to be determined at $1?Is it difficult to do this? , can’t ready-made mature solutions be used?
@DTBAEE, we suggest you to check the following posts in this Forum, that may help you understand the current GHO situation. There’s been a lot of work, some visible and some other not visible yet, but I disagree on the ready-mature solutions statement, there’s been an amazing work by some actors such as @TokenBrice @TokenLogic to repeg GHO to 1$
Title: [ARFC] Treasury Management - GHO Liquidity Strategy Update
This publication details the revised liquidity strategy for GHO across Ethereum DeFi.
This publication outlines the GHO liquidity strategy with two main objectives:
Improve GHO peg
Promote diversified liquidity across multiple exchanges
It is widely accepted that the GHO peg requires improvement. This was especially evident when GHO traded at beneath 96 cents.
Summary of Events
On October 26th, between 9:15 AM and 10:15 AM UTC, a significant de-peg of GHO occurred, dropping its price from $0.962 to $0.946. This event represents the most substantial de-pegging observed since the token’s inception. The decline is attributed to a liquidity drain from the main pool, Uni V3 GHO/USDC. Although prices have since rebounded, the issue of liquidity inadequacy necessitates careful consideration.
At 9:15 AM UTC, the GHO token encountered an abrupt…