Conversation

Do Kwon 🌕
@stablekwon
8/ On
@mirror_protocol
, the number of users buying and LPing mAssets has indeed increased, as users take flight from crypto to more stable equity like instruments like mAppl. Result: TVL relatively unharmed despite declining yields due to price fall of $MIR
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Do Kwon 🌕
@stablekwon
9/ On
@anchor_protocol
, similar safe haven characteristics have been exhibited with new users coming in. Unfortunately, on the borrowing side, a lot of users have gotten liquidated due to cascading liquidations.
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Do Kwon 🌕
@stablekwon
11/ It’s always been interesting how the cockroaches come out of the woodwork to spread FUD and misinformation almost exclusively during the busiest and toughest of times. Where were these sage advisors during the good times? Lol
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Do Kwon 🌕
@stablekwon
13/ To address some of this bullshit anyway - has the team been dumping Luna? I hold the majority of the team’s Luna holdings, and I’ve bought 50M Luna in 2020 and also bought more Luna in 2021.
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Do Kwon 🌕
@stablekwon
14/ I don’t keep track of how much other employees buy and sell - this would be a very toxic workplace indeed. I hope they sell, and put food on their families’ plates. That’s why I pay them. That’s kind of how employment works.
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Do Kwon 🌕
@stablekwon
15/ Did early investors “dump”? I don’t track this either. Keep in mind all investors in Terra bought Luna at fair prices then. All of you had opportunities to buy at the same or lower prices with much less risk in 2019. Who cares who sells when. They all deserve it.
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Do Kwon 🌕
@stablekwon
16/ Is $UST growth manipulated by Terraform Labs? Nobody who’s used mirror or anchor could believe this - but just for clarification we currently hold only ~59M $UST. Reminder that there’s currently over 2B in UST stablecoins.
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Do Kwon 🌕
@stablekwon
17/ In my view, none of the fundamentals in this ecosystem have changed: 1) the same apps are being developed 2) the same robust community exists 3) the ecosystem is significantly de-risked for having survived one of the worst market crashes in crypto
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D 💙,🧡
@dd_trr
Replying to
@stablekwon
and
@d0h0k1
Reward for those who still stake and not make panic sell can stop the price decrease and help the ecosystem to grow... 🤔 I suppose that for now people need to get quick hope that it's worth to HODL.Maybe airdrop or APY increase based on length of not-interrupted staking?
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