There is no way to prevent liquidity squeeze attacks, is

Question

There is no way to prevent liquidity squeeze attacks, is

there ? 😥but ust situation arised because of technical flaw. To keep ust simple, he backed ust with other stables, leaving it vulnurable. Usdn is very complex and is a real algo stable.

#cryptocurrency #english #neutrino

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13.05.2022

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Bug 🤕 Автор вопроса

Me already said. No good in technicals 😅 what what i could understand is their mechnism was simple. If ust >1, burn luna for minting ust and if ust<1, burn ust for mintimg luna. They also bought billions of btc and eth to keep it stable So when some anonymus wallet took out billions in stables, that lead to ust depeg. So when ust depegged, luna printing increased and prices crashed. And this was still insufficient. So they sold their btc and eth. When btc and eth dumped, market crashed, leading to more panic selling of luna.

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13.05.2022

ŁĐ

Bug 🤕
Me already said. No good in technicals 😅 what what...

Yes, the fact that it is old and has already passed several tests, obviously does not guarantee anything. It's something that gives credibility and a fundamental value because of all are made on it... but of course the team and the community always have to learn more and improve more to do even better, products, protocols, updates.

0

13.05.2022

Bug 🤕 Автор вопроса

ŁĐ
Yes, the fact that it is old and has already passe...

Yeess.. need to make waves popular too. Its been going since 2016 and nobody knew about it until march this year 🥲🥲

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13.05.2022