kode on Nostr: Correct, this assumes you’re making fiat payments equivalent to the pump and slump ...

Correct, this assumes you’re making fiat payments equivalent to the pump and slump values of BTC. The discount is basically achieved by you repaying a higher amount in fiat terms than what was provided to you. Generally, the market cap/discount rate will adjust so they earn a bit more BTC than the could have via DCA or a one-off purchase.