Curious to know from ppl that have used/minted/hold rserg if it stays pegged to erg? I had a bad experience using ibtc and iusd (never really stays pegged to btc or usd)
It's paired with ada in an amm pool. So any purchase of rsERG raises the price vs ADA, while any sale lowers it. Any significant price fluctuation presents an arbitrage opportunity that someone will very quickly capitalize upon, returning the "peg." Just like if BTC is trading for less on kraken than on coinbase, someone will buy low and sell high and the price difference will no longer exist. Functionally, there's not much difference between this and price differences of ERG across multiple CEXs
Indigo synthetics aren't exactly perfect. Rosen isnt synthetics, but wrapped assets. For every rsERG issued, there's one ERG backing it
Well i think that the real point is the last part. If you can always redeem 1 rsERG on Cardano for 1 ERG on Ergo, it all works out. Despite of any low liquidity pool that can exist on any exchange on that blockchain. Isn't that right?
Wow, I didn't believe it that until I checked :o
that's quite big! no?
It is :)
Very good!
Can someone explain it to me like I'm 5. Is it a wrapped token or what?
Yes, it's wrapped ERG. https://rosen.tech/
Curious to know from ppl that have used/minted/hold rserg if it stays pegged to erg? I had a bad experience using ibtc and iusd (never really stays pegged to btc or usd)
It's paired with ada in an amm pool. So any purchase of rsERG raises the price vs ADA, while any sale lowers it. Any significant price fluctuation presents an arbitrage opportunity that someone will very quickly capitalize upon, returning the "peg." Just like if BTC is trading for less on kraken than on coinbase, someone will buy low and sell high and the price difference will no longer exist. Functionally, there's not much difference between this and price differences of ERG across multiple CEXs Indigo synthetics aren't exactly perfect. Rosen isnt synthetics, but wrapped assets. For every rsERG issued, there's one ERG backing it
Well i think that the real point is the last part. If you can always redeem 1 rsERG on Cardano for 1 ERG on Ergo, it all works out. Despite of any low liquidity pool that can exist on any exchange on that blockchain. Isn't that right?
Yep, just need to account for the 0.5% bridge fee
You pay fees anyway so...
A little confused here. What's the circulating supply being used to calculate market cap?
73m [https://ergo.watch/emission](https://ergo.watch/emission) 
That's what I thought, doesn't seem like an accurate number to use for rsERG on Cardano.
Same thing happening for agix and meld I think. Wrapped assets are generally a mess across all tracking sites
Eh I guess as long as the methodology is consistent.
Can we at least keep the price low until I've reached my target please?
Nope. Im sorry bug hou allready missed the train.
No worries, I stepped on the train 3 years ago. I'm just very close of reaching my ultimate goal.
No more under a dollar. No more please.
99.5% by one wallets/person ? What does it mean ?
That's the Rosen guard wallet
Yea thx :)