The cashout price has still to return to it's peg with the price of the actual token

May 19, 2022 7:40 AM

As you may be aware, yesterday we hit an exchange value of 30 tokens per cashable. I warned that we may reach even further down but the unthinkable happened, we suddenly went up to 21 tokens or so seemingly out of nowhere.

I investigated and turns out the cashier value showed a BBS exchange rate that's absolutely not right compared to the ratio you saw while cashing out. I reported the issue and 0x told me it looked like a bug but it's still no fixed.

Todays' prices are the following:

1/0.0363 = 27.548...1/0.0363 = 27.548...
1/22.4 = 0.04461/22.4 = 0.0446
Actual peg: 0.3623Actual peg: 0.3623

In a normal day I'd say okay. I don't care as long as it's fixed I can wait. But especially today when the quarterly staking ends that we'd get this type of issue...

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You know how much I'm bullish about BBS but I'm not a moonboy and I will call out any weird stuff happening and this sounds mighty convenient that we're currently getting paid in tokens that are virtually inflated by about 22% when we were potentially about to hit the lowest point in price since ever.

I profoundly dislike having to report than but that's also part of being honest in reporting my findings.

Satella

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