is that bad taste as UST is a partner?
the peg markets itself
Ran Neuner made a point today to whine about Sam's tweet that FRAX was in good shape. I thought it was totally uncalled for. I assume Ran is just butthurt over his LUNA position.
All the fanboys are
@samkazemian was just letting his own known that FRAX was ok. He wasn't jabbing at DoKwan.
I never jab on Do. I feel for them and wish them the best. Really tough time right now. Hope they restore the peg on UST.
totally agree. Like I said, was not pleased that Ran spoke ill of you.
Is it possible for them to at this point? And do you know if they used the 1.5B in BTC collateral?
Since you can swap UST back to Luna at $1 then why wouldn't you just exit? They cap the bridge at $20 mil a day though. Bots will be eating that up. Then ppl selling Luna. Kind of death cycle
yeah... its a death spiral... pretty much what happened to Iron Capital.. You can t stop it because people are incentized to arb and then dump an asset falling in value... Its a visicious cycle that leads to the death of the protocol
Luna stakers are earning ust yield as well so the idea is that at one point you will be incentivized to hold your Luna for the high yield...
where I can swap ust back to luna at 1???
On terra station
at the terra station
at the market option?? I am trying to do that and it is only 5% more not 40%...
Their docs says that you get equivalent value of Luna as if the price of UST was an actual dollar
yeah I read the docs... but in the practice is different.
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