Conversation
Replying to
The Luna Foundation Guard does indeed build btc reserves when UST demand is in excess of UST redemptions - this is explicitly stated.
what happens when the demand dries off and its a bear market, the whole ponzi comes to an end? Is that explicitly stated too?
8
3
GIF
read image description
ALT
6
To suggest that this is “Do’s exit liquidity” is disingenuous on two levels:
1. LPs only benefit from LFG activity - reserves are deployed to buy if there are more ust in the pools, and replenished when theres less ust - and LPs earn fees while doing this
2. LFG is nonprofit…
5
9
272
This Tweet was deleted by the Tweet author. Learn more
Show replies
Case in point:
Quote Tweet
Due to such a high demand for $ust , the curve pool is unbalanced again…
LFG council members just voted on burning the 4.2m $luna left in LFG treasury.
#LUNAtics
Show this thread
2
36
sers:
1
5
Show replies