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I would like to say that I was around at May 2021 and I knew about the bailout for ages. This isn’t new information and could be easily found if someone did detailed research. Which is why large funds didn’t take much damage while retail did. 20% yields is not free. Work for it
Could you link me to any news article, online communication from Terra on their Twitter/Medium, or any announcement from Jump about the bailout please? Maybe I missed it.
I’m not going to go digging stuff from a year ago. The issue is that speculative bullish fervor buries the bad for the good, while bearish fervor exposes the bad while ignoring the good. There are definitely major flaws on Tfl’s side, but not more than 50%
Cool, so no proof of your claim. Got it.
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As UST depegged from $1 to $0.01, retail investors held the bag - 60.4% of them held it until the bitter end, and the rest suffered an average loss of 70%. But - why? Where did the confidence come from? Let's better understand the truth behind the first depeg - in May 2021.