Curia, thank you for raising this point. It is a valid concern, and we appreciate you bringing it to our attention.
While current USDRIF liquidity may appear constrained, it is important to note that these markets are inherently dynamic. Over Tropykus four years of operation, we have consistently observed that increased borrowing demand leads to higher deposit rates, which in turn attracts new deposits and helps rebalance utilization and borrowing costs. This feedback loop has been a key driver behind the growth and stability of both the USDRIF and DOC markets.
We expect this organic dynamic to continue over the next six months and to progressively accommodate the liquidity needs of the pilot.
It is also important to clarify that the 100,000 USD borrowing volume is a cumulative target over the six month pilot period, not an instantaneous loan requirement. This gradual ramp up allows us to closely monitor utilization levels on a weekly basis and make adjustments as needed, minimizing the risk of sudden spikes that could impact existing users.
Additionally, to provide further reassurance, the marketing budget associated with the pilot is not intended solely to stimulate borrowing demand. A key objective is also to attract new depositors and strengthen overall market liquidity, ensuring that growth on the demand side is matched by growth on the supply side.
We are happy to address any additional questions or concerns and remain fully available to provide further clarification as needed.