The UST mystery of Wallet A (FT)https://www.ft.com/content/a6b36a52-0806-426c-acd8-92c93b9f3c3a …
This article is incredibly useless... It's just a diluted version of Jump Crypto's research paper (which was fantastic, mind you!) with a lot of information omitted. I also don't like the accusatory tone - legitimate de-risking out of UST is not an 'attack'.
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Am I right in thinking TFL had a bunch of convex? Seem to remember they were trying to win the curve wars. Do you know what happened to the CVX?
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Pretty sure they still have it and my best guess is they'll use it for their next stablecoin
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I don’t recognise you Fatman
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$38 billion diluted in a week. Someone made alot of $. All precipitated by decisions that were sketchy and questionable! Can't believe VC firms response to losing their billions would be to write a thesis on
$UST depeg#followthemoneyThanks. Twitter will use this to make your timeline better. UndoUndo
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