peg? Wouldn’t everyone who was apeing leverage be benefiting from this? Who’s losing exactly? And the flurry of mim purchasing eventually counter the downward spiral? Temporarily de-peg, Daniele and co. tweets bullish marketing, crypto Twitter forgets and forgives?
I assume others in the pool would buy MIM on the cheap until the AMM equalized, but heavy liquidations would drain supply so you could end up with a liquidity crisis where MIM doesn't recover or at least not quickly until people start borrowing again
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