A verified insider close to TFL has confirmed that Do Kwon is currently working on design plans for a new decentralized stablecoin that will be built atop Terra 2. Fool me once...
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If fully/overly collateralized, sure, why not?
True, that could be something to consider - let's see what they come up with. I would like to see TFL step away from Terra 2 though, they are bad actors and are toxic to this space. Hand control back to the builders so they can truly flourish.
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I don't know where you found the "Toxic" narrative around Kwon and his team, and I've been around.
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He brought it upon himself.
End of conversation
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Sometimes I like your view
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Moreover if it allows to swap ust to new one for a good price maybe could be a relevant solution for protocols too, i agree must be collaterized and auditonable
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"Step away from Terra 2... hand control back to the builders" MFer they are the main builders...
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TFL built some great product…they just made the huge mistake to think that ecosystem could prevent the death spiral from happening. As long as they learn from their mistakes I think they should keep building.
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If TFL stepped away Terra 2 doesn't have a chance
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