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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
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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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Very curious about your tone in responding to “Exit Liquidity” is a common and neutral term. It is part and parcel of finance. “Entry”. “Exit” you might want to get experts like (ex-Goldman) to educate you. Anyway, Chill🙏
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