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The Luna Foundation Guard does indeed build btc reserves when UST demand is in excess of UST redemptions - this is explicitly stated.
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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…
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… and i don’t own or benefit at all from its treasury
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To call the practice of building reserves exploiting exit liquidity is identical to saying all defi is exit liquidity for usdc to build those goddarn 100% usd reserves
Let’s not stoop to clickbait, thanks much
By the way, once we bridge bitcoin to we won’t be using curve, much to the loss of LPs and CRV holders
agora.terra.money/t/bitcoin-rese
In case you want to stay educated:
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Nobody is forcing people to LP on CRV either lol, it's literally a free market
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Replying to
It's a fair interpretation to say the opening comment is more bark than bite.
It was probably more wise to write 'The plumbing of how LUNA is buying BTC'
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He’s been dealt with ser
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1 / This thread is so factually incorrect and morally egregious that it deserves a thread of its own 
twitter.com/0xHamz/status/…
twitter.com/0xHamz/status/…Show this thread
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Right now you Mukbang-ing Bitcoin for the entire Twitter space. Keep eating. Screw these haters. They get go watch something else.
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