why ust is not truly decentralized? Trying to provide info for a Terra maxi friend
Terra is itself a pretty centralized DPoS Cosmos chain to begin with where basically just 100 nodes with the highest delegation matter, managed by a for-profit and a cartel of ecommerce companies in SK as I understand. LUNA and UST seem pretty ponzinomic like IRON, which has broken peg in the past just like the other simple seniorage stables.
Think we will see CEX and DEX accepting FRAX pairings ?
many CEX have a preference to support USDT or their own stable like BUSD so not likely on those. Many DEX let you create your own pairs like Curve so there is a lot less resistance there
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