This is the first downturn I've been a part of in crypto. Such a tangibly different vibe on twitter. Crypto is like a child with its manic episodes. I love it but definitely feel for the people who have lost a lot
1/ The LFG Council just voted to deploy 1.5B in capital (0.75B in BTC, 0.75B in UST) to allay market concerns around UST. Some more context on why and how:
i wonder if there is a solution which separates voting and currency tokens. I think the 1 member = 1 token makes most sense for voting, but causes problems for how rewards are distributed