It's been over a week since #FUD and #fear started in the #terra ( $LUNA ) ecosystem - $MIM drama.
Despite this we only had ONE DAY in which the amount of $UST disappeared from circulation. Every other day caused an increase in the supply of $UST and the burning of $LUNA
Why?π
Despite this we only had ONE DAY in which the amount of $UST disappeared from circulation. Every other day caused an increase in the supply of $UST and the burning of $LUNA
Why?π
All previous algorithmic stablecoins have collapsed - #TRUE !
..but no one talks about why they fell.
The answer is NO UTILITY!
@terra_money main task is to create an ecosystem that will be encouraged by utility. This is the main task for the coming years.
..but no one talks about why they fell.
The answer is NO UTILITY!
@terra_money main task is to create an ecosystem that will be encouraged by utility. This is the main task for the coming years.
We broke the $UST peg
NOT because of the $LUNA price, but because of people's fear and temporary escape from $UST caused by $MIM fear.
The larger the $LUNA ecosystem -> greater protection -> the more stable the system is.
NOT because of the $LUNA price, but because of people's fear and temporary escape from $UST caused by $MIM fear.
The larger the $LUNA ecosystem -> greater protection -> the more stable the system is.
#Ozone and #LFG fund were not created mainly to defend the system under terrible conditions.
They were created so that $UST owners can feel safer.
It's like a bank guarantee fund.
They were created so that $UST owners can feel safer.
It's like a bank guarantee fund.
β’ β’ β’
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