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Raymond-B

If Do Kwon sold his bitcoin reserves at $32k per

screenshot

bitcoin to buy UST at 0.6 and UST recover to 1. Does it mean he sort of make a 50% return in a day? And he can then use his repegged UST to buyback the btc he liquidated and have 50% more btc than he used to assuming btc price remains at his liquidation price

#anchor #cryptocurrency #english
0

7 ответов

18 просмотров
Matjaž-

basiclly once is pegged and stable enough for selling i think so yea. But hoepfully we get to peg

0
10.05.2022
wozniakm93-

that would ruined for ust peg again

0
10.05.2022
hihoy-อินทราเ

Feel sad for them who sold at 0,6 😂

0
10.05.2022
jodelmeister2000-

Not exactly, because buying back those btc could cause another dump and make the peg go back to 0.6 again

0
10.05.2022
Niron-
jodelmeister2000
Not exactly, because buying back those btc could c...

Hence, the need to wait till UST is back stable on its peg before executing such manuevers

0
10.05.2022
Matjaž-
Niron
Hence, the need to wait till UST is back stable on...

Yep. Instead of in future burning LUNA as much just burn it a bit less and sell UST for BTC

0
10.05.2022

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