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4/ I'm ignoring DMs to comment about some new algo stablecoin crashing, too busy building stuff
(algo stablecoins are awesome and i support you all, reach out if any of you need help with recovery & advice)
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5/ Just another day in crypto.
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I think one of the risks with introducing non-USD denominated stablecoins relatively early on was that it'd slow overall UST growth/adoption relative to encumbents e.g. USDT, USDC etc. However, this mechanism still mints UST in the background regardless of denomination?
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It doesn't mint UST, but it does burn Luna
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