A few days before the depeg, Mirror Protocol (a decentralized stock exchange on Terra created by TFL) migrated short farm liquidity into a new contract. Coincidentally, this contract had a bug. Millions in user funds were locked while UST plummeted. Order of events below. (1/6)
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This major bug has gone somewhat under the radar, so I thought I'd talk about it. I'd like to add more analysis, but I honestly don't know if this was a real bug or something more sinister, so I won't comment further. Make of the facts what you will. (6/6)
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