read.cash Log in
L@Libliu

I'm really worried about Terra ecosystem as we saw death spiral already happened. This reminds me of IRON case last year. However we had also seen several efforts to support UST, not only from LFG itself, but also from several alliances. Billions had been filled but now UST still cannot get back to $1 peg. On the bright side it might be their strategy not to get back to $1 peg too soon as people are waiting to sell off. Or else this could be a critical point for UST and Terra ecosystem, While Do Kwon last tweet 21 hours ago worried fans, he just tweeted minutes ago that he's coming up with a recovery plan.

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.