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.
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Replying to @FatManTerra
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
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Replying to @0xSoju
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.
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Replying to @FatManTerra
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%
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Replying to @FatManTerra
Yeah sure, you can put it that way if you want. That’s the issue at least, everyone wants to be force fed everything.
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Replying to @0xSoju @FatManTerra
Might I remind you there’s a lot of things and accusations you thrown without “press releases” as well. I don’t question it cause I know a lot of it to be true as well.
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Replying to @0xSoju
I am not questioning that it happened, I am questioning your claim that investors who 'did research' could have 'easily found' the Jump bailout info. Not trying to be aggressive, genuinely want to know how people could have known about this. I couldn't find any public info.
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Replying to @FatManTerra
“Easily found” only with “detailed research”. Wrong of me to use the term easy. But it’s definitely possible wirh detailed research. I’ll DM u stuff
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Fair enough - FWIW I have been doing detailed research and found zero public info, but maybe I'm just looking in the wrong place
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