Twitter accounts to announce that USDN is pegged again - amirite?
Would be nice if Coindesk and CoinTelegraph follow-up with an article that peg was restored, lol.
Did this episode in the history of Waves delay any marketing/listing plans, or might these even be intensified now to restore confidence?
Hey! Hmm, if it even affected anything, it was not much, the locomotive picks up speed and we move on! In the process of this event, the team did not stop working and did not sit idly by, everything is going its way
If played right this drama could turn into something good, almost a blessing. If peg restores and every vires users gets every single penny back, people will gain trust, even more then before. Just look at exchanges or platforms like crypto.com when they got hacked, they received much publicity on how they would pay back the losses if needed and that way gained a lot of confidence from their user base
But but: can this system also restore a sudden 500usdn liquidation release on the system? Would usdn hold its peg then as well?
prolly not, so that would not be playing it right ;)
So even though it passed this stress test well, seeing it is regaining it’s peg: effectively we are all being held hostage by the vires borrower?
the only thing that needs to happen is for the peg to normalize like it should and people to regain trust, once people start lending, borrowing again there will be again liquidity and then the big accounts should slowly start to unwind imo. Most important thing right now is that the bankrun stops, no platform could handle a banking run like this. If everyone acted just normal there would be not that big of an issue... who doesn't like to have a 105% interest rate? just my 2 sats
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