The author of the OP has an article about DAI too: https://prestonbyrne.com/2018/01/11/epicaricacy/
Doesn't seem so hot to me, and what happens when the bot runs out of capital?
Doesn't seem so hot to me, and what happens when the bot runs out of capital?
There are valid arguments to be made against a DAI-like system like capital inefficiency, the appropriateness of the bounded volatility assumptions, and maybe sell spirals, but Preston Byrne's articles include a lot of invalid arguments.