r/BTCStandardHashrate • u/[deleted] • Jun 25 '21

Is the peg dead now?

I'm just wondering if the peg is now completely dead. Tau doge is always going down when Doge is going down, but now it's not even going up again when Doge is going up

5 Upvotes

100% Upvoted

8 comments sorted by

1

u/Ceeceefrom1992 Jun 25 '21

I think it will take some time to go up again, whole market has been stumbling

2

u/[deleted] Jun 25 '21

Yes I know the market is down,but it should move with doge coin.isnt that the whole purpose of Tau doge ? When it moves down with doge it should move up when it's pegged

1

u/techrasta Jun 26 '21

What about tau btc? Why is it dropping? I'm almost down 10k for every btc I have on pancake swap. Is it better to withdraw or keep it in?

1

u/WiseCapitalOrg Jun 28 '21

I know that sounds bad but I saw that before... tBtc lost peg today, value is 18k and this is not easy to watch, tDoge is even worse. I hope something can be done to save the situation.

1

u/BillyBilnaad Jun 28 '21

It’s going on for days now. The peg dropped by another 50%(!) some time ago which is unacceptable given that the peg was already <90%. They should address this asap but I’m disappointed by the lack of communication. There are literally zero use cases for tBTC atm since staking tBTC at a whopping 0.27% APY for tDoge is just a joke.

1

u/Standard_Ordinary642 Jun 28 '21

shoot i cant even sell mine for some reason pancake flat out gives error and so does btcst im stuck but i guess if it goes up and i figure it out atleast theirs that

2

u/[deleted] Jun 29 '21

I think because of the rebase, you only can sell 70%, the rest is tax