@lopp I believe that you understand what is actually happening here. If that is indeed the case then you are misrepresenting and engaging in a bad faith argument
Some interesting data on $UST and Terra's Anchor Protocol:
- There are 256K Anchor wallets
- The top 1000 Anchor wallets own 82% of all UST
- The poorest wallet in this top 1000 has 955K UST
This is great news for $UST / Anchor depositors.
Why? Let me explain..
1/
🚨🚨🚨
The Bankless @YouTube account 'has been terminated'
🪓
No warning.
No notification.
No justification
150,000 subs
10,000+ hours of content
Hey @YouTube, our community would like a word!
RETWEET to let YouTube hear you: It’s not okay to ban crypto content
Adidas dropped their first NFT today.
The sale was capped at a max of 2 items per person and it sold out in less than a second
One person was able to purchase 330 in a single transaction using a custom smart contract
Quick 🧵 on how they did it
@jaycaspiankang “In an unfortunate show of support for Munger’s ‘rugged individualism’ college officials exhumed Ayn Rand’s corpse and paraded it around the campus.”
@CryptoMessiah Never imagined I would have this much fun farming stables. Just hoping some of it will last into the bear so I can stay out of the degen deepend
@CryptoMessiah What do you think happens to the stable stack during the next bubble pop? Assuming no full farm collapse or crazy depegs
I’d guess demand for capital plummets and that certain farms/strategies become worthless while others simply have much more modest yields than we see now