Happening now. They’re starting with my question of what a default looks like. “A haircut on holders of USDS or DAI.” But… this feels like it’s not a credit event? Would a credit default swap on sovereign bonds recognize a devaluation as a credit event? Anyone know?
PaperImperium
PaperImperium20 tuntia sitten
Reminder that S&P today will be walking through how they gave Maker/Sky such an embarrassing B- credit rating. I encourage others to ask questions as well if allowed, bc this was a terrible rating. Either they see something I don’t or Sky should contest this rating
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