Yes, investing is risky.
But do you know what is even riskier?
Being trapped in the “save money” mentality and never get a step closer to financial freedom
@cz_binance Wheres the UST reserves?? exchanges are at risk here too, exchanges listed and profited off the buys and sells of an asset that was sold as stable and redeemable dollar for dollar, to then offer no liquidty at the price the asset was advertised to maintain is false advertising
@stablekwon All well & good to fork luna & create a “new L1” move on and compensate ust holders some new luna as goodwill but whats happening with UST and paying out the creditors with the reserves, the reserves are seperate to LUNA? UST was always sold as redeemable, wheres the reserves???
@stablekwon UST was advertised, promoted and sold as a STABLE asset REDEEMABLE for $1, sell the reserves & pay the creditors from the bottom up, i call all the exchanges @cz_binance etc who profited from the buy & sells of UST to open up liquidty to current UST holders $1/1UST
@stablekwon The only way out i see for luna is through first fixing ust, without ust theres not much use for the network based on its original narrative, i would focus on bringing ust back to the peg, once you complete this task you can then create more use case for the network
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Hello Porkswap Community! "PSWAP Airdrop is coming
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