@0xArchitectus@AnonNgmi Not saying they will, but just saying Terra was truly seeking to be a player vs economy asset unlike most of crypto assets (sell and stack sats bro type culture). Retail could have also won by bringing yield to mass adoption—which does better with vibrant community+network effect
@AnonNgmi Even the anchor liquidations were overly punitive. Many lost way more than they should have, myself included. Until these whales make people somewhat whole on that, there’s just very little way to resuscitate the retail heartbeat imo
@AnonNgmi Nailed it. As much as many of us love and appreciate Terra, a bunch of retail will likely capitulate and throw in the towel on continuing to be the whales’ rag doll
I have an adjustment/improvement proposal.
$LUNA community sale.
A way to get some $LUNA into the hands of retail investors. The battered. The liquidated. The #LUNAtics.
Details 👇
/1
@cy_coleman@stablekwon Appears to have happened to a bunch of us. I lost like 93-94% of my collateral and it should have been closer to 68%. Likewise, I regret not continuing to collateralize given the malfunction in liquidations.
@terra_money@anchor_protocol@mcantieri@stablekwon@ryanology045
I know you're in damage control but I sincerely hope in the aftermath there is retribution for bluna holders who were unjustly over-liquidated today. Had over 90% collateral wiped, should have been closer to 68%
@tundra_v1 @iamsage Grant us the serenity to welcome those with open arms who came at us during our darkest hours when they’ll end up needing us the most
2/ First, *LFG is not trying to exit its bitcoin position*.
The goal is to have this capital in the hands of a professional market maker such that:
1) Buy UST if price < peg
2) Buy BTC if price >= peg
thus significantly strengthening the liquidity around UST peg
@twobitidiot No kill shot and yet the cockroaches like to virtue signal he’s petulant when he chooses to clap back after being bashed. Many folks prolly enjoyed when he helped galvanize the last btc pump and yet these same ppl fudding UST will also be the ones claiming they bought the bottom
@0xHamz@jdorman81@DegenSpartan It also increases the probability of a supply squeeze. There’s probably minimal liquid Luna sellers here beyond liquidations relative to the vested interest of those large UST depositors. Way likelier scenario whales squeeze higher than there is a flight of capital earning 15-20%