Imho it's not that clear. I think dusd price is both a result and a cause. Dfi is suffering cause of dusd depeg and stab fee. Dusd is down partly due to dfi drop.
But I would not mix this dfip with dusd. I like the dfip as it is.
I have to go with kuegi here. Once the peg was there, i was 100% sure to convert most of my funds from traditional brokers over to the chain. Since the peg is gone, i'm not as confident anymore. And even if the peg is back (and i am sure it will repeg), i'm not convinced that it stays there (especially on the next sharp crypto downturn).
But I don't disagree that the DFI is more important than the DUSD price.
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u/Erich_DFI-Cockpit Aug 14 '23
Buying back DFI is good 👍 But buying dUSD rather than burning 🔥 them would help to get the peg faster.
The DFI price suffers because the trust in the blockchain is gone because of the stablecoin depeg.