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The mechanics of the LFG trades (as described as of May 18), the problem with stop and go execution, and how an unethical market maker can clear their own toxic assets Part 1pic.twitter.com/0eEGGZefAz
Part 2 Editor's note: This is why we need more transparency and accountability surrounding the circumstances of the trades - the information we have now simply isn't enough, especially since there is a fair chance that some level of investor fraud occurred during deployal.pic.twitter.com/MgFOPgQRc2
Smartest guy ever speaking, big love & thank you People, the victims who suffered the loss DEMANDS transparency from TFL & LFG! SHOW THE RECORDS!
The very action of sending BTC to CEX to defend peg of a decentralized StableCoin is flawed. CEX can create UST out of thin air, buy BTC and buy back UST post depeg. Peg was supposed to be defended on Terra chain itself. @stablekwon did not do a vote about how to defend the peg!
We need some, I should say. Up to now, zero accountability and less than zero transparency.
Thanks @FatManTerra for all your valuable insights. We really want to know... $LUNC
which market maker? Jump?
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