It's centralized, they only buy back their own coins and for that reason it runs high risk.
Our peg is decentralized and thus only relies on the technology itself
Do you have a timeframe for the peg yet David ?
His goal is to have everything done by the end of the year.
He is down to:
Timelock and exotic spend
Then the last 4 templates
Then pegging
Then python programmable peer to peer contracts.