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FatManTerra's profile
FatMan
FatMan
FatMan
@FatManTerra

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FatMan

@FatManTerra

FatMan from the Terra Research Forum I provide research, updates, and analysis on the Terra situation as it unfolds. Views are my own opinions.

fatmanterra.eth
Joined May 2022

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    1. FatMan‏ @FatManTerra May 19

      🧵👇 Anchor collapsed and took people's life savings with it. Let's find out more about where they come from and what they lost. Here's some data I collected from 703 people who lost money on UST. I find it incredibly interesting, and I think you guys will too. 🧵👇

      108 replies 409 retweets 1,392 likes
      Show this thread
    2. FatMan‏ @FatManTerra May 19

      1. Where do victims come from? A beautifully diverse range of people from 56 countries in various continents have filed claims. 26.3% of people are from the USA. 6.1% of people are from Singapore, and 5.3% are from Italy. 4.8% are from Russia and 4.8% are from France. (1/8)pic.twitter.com/ZrmcABvhnj

      21 replies 43 retweets 212 likes
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    3. FatMan‏ @FatManTerra May 19

      2. Where did victims buy their UST from? 29.2% of people bought UST on Binance. 18.1% of people bought UST on KuCoin. 16.9% of people used on-chain swaps to acquire UST, like Terraswap and PancakeSwap. FTX 3.3%, Kraken 2.8%, Stablegains 2.8% (unwittingly). (2/8)

      8 replies 18 retweets 172 likes
      Show this thread
    4. FatMan‏ @FatManTerra May 19

      3. Where did victims store their UST? The vast majority of people (72%) stored UST in Anchor directly. 7.1% held or staked it in Binance. 4.4% held it on Terra. Stablegains 4.4%, Aperture 2%, Nexo 2%, lockdrops 1.3%. (3/8)

      7 replies 19 retweets 157 likes
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    5. FatMan‏ @FatManTerra May 19

      4. Did people hold or panic sell their UST? 62.9% of people are holding all of their UST and have lost about 92% of their money. 23.9% of people panic sold all of their UST at a lower level to salvage some money. 13.2% of people sold a portion of their UST. (4/8)

      3 replies 21 retweets 185 likes
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    6. FatMan‏ @FatManTerra May 19

      5. How much money did Anchor victims actually lose? These losses are adjusted to current USD value. The lowest verified claim is $11.50. The median claim per person is $23,438. The average claim is $94,869. The highest verified claim from a single person is over $5.5m. (5/8)

      3 replies 26 retweets 212 likes
      Show this thread
    7. FatMan‏ @FatManTerra May 19

      6a. At what UST price did people who sold sell? The average UST sell basis is $0.31. The median UST sell basis is $0.25. This seems to corroborate the theory that retail customers sold fairly low and whales/VCs got to exit higher. (6/8)

      8 replies 25 retweets 207 likes
      Show this thread
      FatMan‏ @FatManTerra May 19

      6b. On a side note, a surprising number of people have told me that they had their finger on the trigger quite a bit higher ready to sell, but reading Do Kwon's tweets about a repegging and 'deploying capital' specifically caused them to hold in the hopes of a repeg. (7/8)

      11:15 PM - 19 May 2022
      • 80 Retweets
      • 732 Likes
      • Andrea Dan Matt jonathan UnstableKwon Kevin Greyson Peltier 𝕛◎𝕣𝕕𝕒𝕟𝕤𝕘𝕙◎𝕤𝕥 szehong
      54 replies 80 retweets 732 likes
        1. FatMan‏ @FatManTerra May 19

          That's our look into UST victims - I hope you found this interesting, and I hope victims can use this to gain additional insight into their situation. I'll soon post similar data about the effects of the situation on victims' lives collected through an impact survey. (8/8)

          24 replies 26 retweets 379 likes
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        1. Brian‏ @bmac0930 May 19
          Replying to @FatManTerra

          My data was not included in this, but just to share a little. I sold most of my ust at about .53. I sold some around .12. Also, i almost sold at .89 but fell for do kwons words.

          0 replies 0 retweets 3 likes
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        1. 0xAnhell‏ @0xAnhell May 19
          Replying to @FatManTerra

          Yes, this happened to me when the peg was 80 cents.

          0 replies 0 retweets 2 likes
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        1. New conversation
        2. Jorge‏ @ginmanga May 19
          Replying to @FatManTerra

          That hold on tweet was such a fantastic screw up

          1 reply 0 retweets 11 likes
        3. Axel  🏢 🏘 🟠‏ @Axel_Crypto22 May 20
          Replying to @ginmanga @FatManTerra

          Agree. “Steady lads, deploying more capital, blah blah blah”. Please hold while I cash out my frens. Then you’re on your own. Can’t help feeling salty about that.

          1 reply 1 retweet 4 likes
        4. End of conversation
        1. Egor Kraft | egorkraft.eth‏ @egorkraft May 19
          Replying to @FatManTerra

          That is very accurate

          0 replies 0 retweets 1 like
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        1. blurrylabrynth‏ @liamtrapacc May 19
          Replying to @FatManTerra

          Exactly this. I was ready, then @stablekwon tweeted and I held back. You cannot know much I regret this. Do rugged me, and is now all about TERRA IS MORE THAN UST. WHAT.

          1 reply 0 retweets 10 likes
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        1. suz‏ @sue_yin May 19
          Replying to @FatManTerra

          He had us 'hold on' so his VC friends could exit

          0 replies 0 retweets 12 likes
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        1. Marco 🫐‏ @MW_MarcoWang May 19
          Replying to @FatManTerra

          Tag @stablekwonpic.twitter.com/Ys9kGDTpLp

          0 replies 0 retweets 3 likes
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        1. Agfnzn‏ @agfnzn1 May 19
          Replying to @FatManTerra

          It is true, FatMan, after Do Kwon's tweet where he said he was going to recover the UST, people became patient and retained their UST, including me, there are also people from Venezuela and Chile.

          0 replies 0 retweets 8 likes
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