@cryptocevo Lost nothing on $LUNA but bought 2 UST worth while it was at 0.00001 expecting some day it would be worth it.
Got $1800 worth of New Luna for those 2 UST now :)
Choose your Lock wisely. 🐸😉
$veCRV - Curve DAO original Locker, lock for 1 week to 4 years. Gives you maximum voting power if locked for 4 years. Linearly degrades voting power over time. $CRV is released when 4 years expire.
(2/2)
- $/vlCVX at $0.13, down 65% from $0.38 last round.
Expect the $1.64 per $1 on bribes ratio to move closer to $1 over the next weeks.
So theoretically bribes per $vlCVX could go up from $0.13 to $0.21 assuming similar price.
But likely CVX price will go up in meantime.
(1/2) $vlCVX bribes on Votium closed with big changes after last week:
- No more UST bribes so profitability has taken a short-term hit
- Frax still bribing and making a killing, will get ~50% of veCRV
- $1.64 of value per $1 on bribes -> protocols are leaving money on the table
@DefiMoon Think it's good for people to remember this is not the same as the UST losing it's 1:1 peg, even if Aave liquidations start happening there is no reflexive loop that Terra and UST had.
People trying to 'buy the dip' getting rekt. 😬
Normally with other shitcoins that dump and you can trade the bounces up and make good money.
With Luna's reflexive mechanics it doesn't work like that though: 👇
People trying to 'buy the dip' getting rekt. 😬
Normally with other shitcoins that dump and you can trade the bounces up and make good money.
With Luna's reflexive mechanics it doesn't work like that though: 👇
@AnonymHodler That was the theory yes, but the big, flawed assumption is that Luna will always be worth something.
It won't be worth anything very soon so no way to redeem UST anymore then which will mean it will go to 0 too.
People trying to 'buy the dip' getting rekt. 😬
Normally with other shitcoins that dump and you can trade the bounces up and make good money.
With Luna's reflexive mechanics it doesn't work like that though: 👇
People trying to 'buy the dip' getting rekt. 😬
Normally with other shitcoins that dump and you can trade the bounces up and make good money.
With Luna's reflexive mechanics it doesn't work like that though: 👇
@nateliason Yeah not sure people will understand the sarcasm here.
People, beware of doing this. Everybody who bought Luna over the last days really thought this and got rekt:
https://t.co/srwws17XHd
People trying to 'buy the dip' getting rekt. 😬
Normally with other shitcoins that dump and you can trade the bounces up and make good money.
With Luna's reflexive mechanics it doesn't work like that though: 👇