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So Luna/Terra is going fractional-algorithmic. Cool! I’ve heard of this idea before. Something about holding partial reserves and algorithmic stabilization. Whoever thought of it must be pretty smart, it’s a great idea 🙃
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6/ On depeg risk - I've grown quite tired of arguing with idiots on Twitter on whether UST can remain stable in bear. So soon I will propose creating multi billion dollar reserves in decentralized assets (BTC and others) in an attempt to save myself time. More to follow.
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How does having had a conversation with someone equate to you having had this idea? Your tweet is suggestive of it, but…who has already built it? Genuinely curious what I’m missing here.
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