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1/ The only bankrun that happens during bear markets is on my time The cost to saying made up clickbait is close to none: 1. Likely stablekwon won't respond to it 2. Maybe im right 3. Even if he responds and I'm wrong, I get more engagment
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The LUNA exposé thread. 🧵
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2/ twitter.com/JackNiewold/st Luna does get burned 1:1 with UST minted - all you need to do is to try to do it yourself Go to the "swap" section of Terra station, mint 100 ust, and check out supply changes on the dashboard section for Luna But of course he didn't try it
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1. 'BURNED' $LUNA DOESN'T GET BURNED Previously if you swapped $UST for LUNA, it would burn $LUNA. NOW, if a user creates $UST, some percentage of the LUNA is used to buy $BTC. Obviously, this creates inflationary price pressure on $LUNA.
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