Multi Collateral Dye - What Is the PSM?

The p s m is an arbitrage mechanism used to keep the peg at one dollar or less. It works in such that if die is trading over a dollar, let's say it's trading at a dollar o one m, anybody can take a hundred dollars of us d c, and then use that in the p s m to mint a hundred die, which is worth 101 dollars. And that that is profitable. The same thing happens reverse on the way down. When the peg breaks low and there's available us d c in the pS m, there's an arbitrage opportunity in the opposite direction. So basically, as long as there's sort of capacity in the ps m

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