@George_harrap The UI was pretty good tho. Certainly better than the SUSHI/CAKE/OHM/TOMB forks that plagued every other L1. But a dev can easily port to another Cosmos chain
@WartuII I was in stables. Just my stable was 70% in $UST. 😂In hindsight I should have bought peg insurance. I failed to account for how fragile our perception of algo stables would be. Failed to account for how external market makers could impact this perception. Lesson was learned
@nikillinit you could just sell the worthless token and subsequently claim a loss for $1M...
or argue that it is not worth $1M on the open market since the only holders are presumably you, the scammer, and the 0.00000001 token paired with 0.1 USDC in some LP
@el33th4xor@kevinsekniqi I'm on your side, but isn't this assumption what people are debating you about?
that just like Ethereum, Avax C-chain will experience a non linear degradation of throughput as more transactions are processed?
@0xn3bs@NourHaridy Which is great & highly desirable if your trade routes through CRV. But if the other LPs in your trade route don't give you enough liquidity to maintain buying power of 1USD, is your stable coin really stable?
@0xn3bs@NourHaridy CoinGecko is not the best, but there is value in taking into account smaller non-stable/stable LP pairs (more so if you rely on these small pairs to route between trades).
A stable peg on CRV is just saying that for a particular pool, the coins inside are in balanced proportion.