Just a friendly reminder: the entire liquid circulating supply of $LUNA will be burnt if $UST mc grows another $5.7bln and LUNA stays here.
Friendly reminder 2: UST mc grew by $1bln in the last 3 weeks.
In other words: chill Winston, this sell off is not sustainable.
You can’t save both $LUNA and $UST without external capital.
$LUNA: the L1 blockchain, the ecosystem and the community are far more valuable than a failed stablecoin.
Fork, airdrop/tokenswap and rebuild.
The world will be a less racist place when people no longer notice skin colour, not when they pay extra attention to skin colour to avoid offending each other
$USDC, $USDT, $TUSD will be challenged by CBDCs.
$UST won’t be. DeFi has to be built around a decentralized, censorship resistant stablecoin or it’s not DeFi at all; you’ve just moved your ‘trusted’ entity from a bank to a stablecoin issuer.
$LUNA$SOL$RUNE
No one is claiming #Thorchain lending is ‘zero risk’
It’s simply an alternative risk framework that many may find more useful than the traditional lending markets. It’s not inherently less risky, it’s not inherently more risky, it’s just a different risk profile ….🧵
$RUNE