Why $ust's peg has everything to do with @CurveFinance's #3pool

A thread on $ust's collapse with @dicksonlai_ @GabrielGFoo @themlpx 🧵

@TheSpartanGroup @nansen_ai

#luna 1/ The story begins - believe it or not - with $DAI, and how it maintains its peg.

As a stablecoin backed by collateralized debt positions, the outstanding loans within DAI’s economy play an important role with regard to DAI’s ability to maintain its peg.