@survivalspence@anectally Potentially. LFG holds 0 BTC in it’s reserves atm.
There is speculation that they’ve moved them to exchanges but haven’t yet bought $UST yet.
I cant confirm or deny that, but the BTC reserves are empty
@survivalspence@anectally If the system continues to work as designed. $UST will see an eventually repeg.
The question is how many $LUNA tokens will be in circulation by then. Nearly 2 billion have been minted in the last 3 days.
@anectally Tough to say.
Right now I wouldn’t even consider a long at the very least until $UST regains and holds its peg.
When $LUNA is back to being burned instead of minted we can reassess.