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Flo-

Question: How can Terra back the stablecoin further more when

the Bitcoins were sold?

#blockchain #cryptocurrency #english #luna
0

12 ответов

15 просмотров
ind-Er

good question

0
10.05.2022
Jason-

Because we don't need emergency funds anymore. The emergency has passed and there's almost 0% chance of another emergency coming up so fast

0
10.05.2022
Rose🌹-| cosmosrescue

they were loaned out

0
10.05.2022
Flo- Автор вопроса

Yes the Bitcoins are collateral and the loan was invested in UST. But this is only 1 time possible and we didn't reach 1$. What are the possibilities to peg now. The wallets are empty

0
10.05.2022
Jason-
Flo
Yes the Bitcoins are collateral and the loan was i...

The hell you're talking about? Almost 100% possibilities to peg, the funds aren't related to the price balancing system, those were for extreme price movement for when the algorithm can't keep up

0
10.05.2022
Flo- Автор вопроса
Jason
The hell you're talking about? Almost 100% possibi...

Do u understand the fund system? Everything under 0.98$ is defined as an extrem price movements. We are under 0.98$ and need funds to back us

0
10.05.2022
Jason-

No it's not, extreme movement is movement, not nominal price. Don't tell me I don't understand Luna's price balancing, you have no idea. Price will rebound slowly over a few days thanks to the arbitrage system

0
10.05.2022
Flo- Автор вопроса
Jason
No it's not, extreme movement is movement, not nom...

Funds flow into UST when price is under 0.98$... A Movement in this terms is the difference between 1$ and actual price. Is it bigger than -2 ct funds get activated.

0
10.05.2022
Chief-
Flo
Funds flow into UST when price is under 0.98$... ...

Yes, that's the baseline activation for a sharp price movement. But right now, the extreme conditions have faded and relative stability has been achieved

0
10.05.2022
Flo- Автор вопроса
Chief
Yes, that's the baseline activation for a sharp pr...

But what will happen when more paperhands sell? There are no funds left to stabilize. My point is we further are in an extrem environment under 0,98$. Everything is dependent on people's trust that we can reach 1$. The funds are gone. This is my point. But I trust the community and hope we can do it!

0
10.05.2022
Greg.R-
Flo
But what will happen when more paperhands sell? Th...

From my understanding,they will be getting/buying the BTC back and the fund was up to 10 bill,not just 1.5

0
10.05.2022
Flo- Автор вопроса
Greg.R
From my understanding,they will be getting/buying ...

Yes maybe we need more than 10B Fund

0
10.05.2022

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