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Protocol running 3.6m / mo surplus or 100m / mo deficit. Choose your fighter.
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In the past month Terra's UST has had to spend 100m to maintain its peg. Current burn rate is 4m / day and increasing. By contrast Maker's DAI has earned the protocol 3.6m in the past month. One of these is sustainable.
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Thats circular reasoning- keeping a valueless protocol solvent is not in and of itself valueable I ask again, besides to offer a trading pair to frax and wormhole ust, what purpose does wrapped usdc serve? I say none
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Why use avax when you can just use btc πŸ€” The money you spent could literary make btc smart contracts and do what your doing on side chains Btc backend on a shitshow chain ? Might as well do btc backed on btc lightning network/nodes and fill it full btc adaptation Bull btc
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