0xTerraNullius
787 posts
@digiassetnation @SmartStake @terra_money Back to peg. Over supply of $UST means there is outsized pressure on selling, so you reduce the circulating #UST to rebalance
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We see the evil ... but there is good as well. @terra_money is willingly going against the minting parameters and burning $UST / minting $LUNA at a loss in an effort to restore peg ... the extra $LUNA in oracle rewards is likely primarily from their activity 👏
Smart Stake@SmartStake
Luna Total Supply has increased by 33 million in the last 2.5 days, 3 million $LUNA into oracle rewards 4 Luna stakers (APR @ 13%+). Expect further $LUNA supply increase while peg is restored Oracle Rewards - terra.smartstake.io/address/terra1… Luna supply change - terra.smartstake.io/history
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@BryceCarthy10 Unprecedented de-pegging of $UST on $LUNA, first time in hist... ohhh!
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0xTerraNullius retweetledi
So $UST crashed to an all time low of $0,67 and although stablecoins are supposed to be pegged to $1, this is not the first time its happened to a stablecoin. $USDT once traded at $0,57
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$LUNA $UST crashes to prices not seen since... 22 September 2021. #LUNA is dead. Seen this a 1000 times with $ETH $BTC. Keep building, keep validating, keep staking
GIF
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@VBrasso @sassal0x @stablekwon @RyanSAdams @novogratz I disagree, feels exactly the same. Same has Mtgox, DAO and every other time $btc $eth had "died". Nothing new, people losing their shit. Just have to learn to cover
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There is a rumor spreading about Jump, Alameda, etc. providing another $2B to “bail out” UST. Whether this rumor is true or not, it makes perfect sense for them to spread. The biggest question here is, even if they can get it to $1 by some miracle, the trust is irreversibly gone
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@sassal0x @stablekwon @RyanSAdams @novogratz Don't get too salty @sassal0x, this is no different to the DAO hack / fork drama. Bit sad to see you punching down.
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0xTerraNullius retweetledi
0xTerraNullius retweetledi
0xTerraNullius retweetledi
$UST depegged for like 5 minutes by 1 cent and toxic $ETH maxis immediately start their #FUD attack as if they just waited for it.
You can get the impression that some rather stay poor and fight their own industry instead on being constructive and actually gain something from it
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one fund dumps $200m, another fund buys back $200m. just elites playing money games. i don’t think this indicates anything about the protocol’s decentralization
sassal.eth/acc 🦇🔊@sassal0x
So the Terra people will make fun of DAI for being backed by a centralized stablecoin (USDC) and then say that UST is "actually decentralized" even though it requires billionaires to step in during bank runs to keep the peg Seems legit
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0xTerraNullius retweetledi
The Mad Scientist hooked the @SntntStudios up with another Fashion Collaboration. This time with @pharickerr they will design all clothing for @SntntStudios!
Go check out their awesome work on their socials
#mutantzmerch #.ultra #real
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0xTerraNullius retweetledi
Terra bought an additional $1.5 billion of bitcoin.
They are probably responsible for why bitcoin is holding up so well during the risk asset sell-off.
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