sDEFI and open it for redemption at the price of 3,195$ per token.
sDEFI and allow for synth holder to redeem it into
SynthRedeemer described in SIP-174.
LUNA with 10% weighting in it which has gone to 0 from
UST bank run, triggering the circuit breaker. The reason why the redemption was chosen are:
- Enso user has signalled to redeem it as
sDEFIdoes not exist on Optimism.
- Low interest and rebalancing overhead from governance.
- Questionable underlying that no longer reflect DeFi as whole.
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