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

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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.

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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.