Another stablecoin:
GB2.
It represents a 2x leveraged position in GBYTE vs USD. The price of the token is currently about 23 GBYTE, the same as the price of GBYTE in USD. That is, the price in USD is 23-squared now and is pegged to (GBYTE/USD)
2. Try it out
https://ostable.org/trade/MCZAGO47NLPO25KOOJHN22PNKEGLQ6XV#buy.
If 2x leverage is too small for you, feel free to create a 10x, just specify the desired leverage on the create page
https://ostable.org/create.
Warning: trading with leverage is dangerous as leverage multiplies your losses (and gains).
Hmm... Last three days GB2 price is 15-30% below target. Is it broken?
Nope, there was just pump in price, so there is now opportunity to fix the peg by buying more governance tokens or redeeming GB2 tokens. Fixing the peg would give reward from fast capacitor.
What can gives the initiative to buy governance tokens in such cases?
Capacitor may be almost empty when all previous trades was near optimal (bought/sold both t1&t2 with target proportion).
GB2 is a 2x leverage of GBYTE/USD price. If the price is going up in bull market, more people are likely to buy more GB2 to profit from the increase of price.
The more GB2 is bought/issued the more valuable GRGB becomes (it's price is calculated by the bonding curve) and more fees go to both capacitors (because buying GB2 right now would make the peg even worse).
The fast capacitor is emptied only when somebody fully fixes the peg. Partially making the peg more closer only takes some of the reward from fast capacitor. There is also reward in slow capacitor, from which 10% can be moved to fast capacitor.