@BennettTomlin Please elucidate me on how it is robbing?
Maybe you should educate yourself on what this Sifu token is, how DAOs work.
No need to sow hate because you’re poor and he isn’t.
With all this stables and LSDs depeg talk, just remember $MIM went from a 5 bil to 350 mil mcap in 6 months, with some massive liquidations along the way… with ZERO depeg.
Extremely impressive
1/8 These past weeks have proven to be a watershed moment for the crypto industry. We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing.
Very important to fix your Twitter feed:
1. Tap home button.
2. Tap stars on upper right of screen.
3. Select “Latest tweets”.
You are being manipulated by the algorithm in ways you don’t realize.
Easy to switch back & forth to see the difference.
1/ The prevailing peg pressure on $UST from its current supply overhang is rendering severe dilution of $LUNA.
The primary obstacle is expelling the bad debt from UST circulation at a clip fast enough for the system to restore the health of on-chain spreads.
Needed this today.
He'd never tell you, but @baconesq also contributed to these water tanks. Good guy, no one can convince me otherwise.
Thanks for doing God's work, Miguel.
1/ The only bankrun that happens during bear markets is on my time
The cost to saying made up clickbait is close to none:
1. Likely stablekwon won't respond to it
2. Maybe im right
3. Even if he responds and I'm wrong, I get more engagment
https://t.co/YyXqxmR0w8
7/ https://t.co/BwKKQzBDc0
Refuted literally every point, but of course when one pulls things out of their ass they expect lots of backlash and don't expect to be responding.
6/
https://t.co/Jh2wSJCWtU
SDT was minted in reserves at genesis to allow minting in case mint demand > mint cap while liq is low, and of course was disclosed at length
Now burning as of Oct 2021 via gov: https://t.co/EJrWxIdcsS
5/ https://t.co/bR4H7q0u8M
I don't understand how the source one quotes can be from an anon on Twitter
Luna that gets burned is not sent to a wallet, it is deducted from the total supply
4/ https://t.co/CHExwaUS9f
"ICO profits" imply there is a party profiting
If building reserves is "ICO profits", then wait, hold up, 80% of all spot volume on all crypto happens through the profits Tether has taken to build its 1:1 dollar backing