Confidence is important in any capital flight episode and is an excellent leader in this regard
For now LUNA must fill a $300mm hole w/ hard currency in the CRV pool
That will likely come from BTC sales
This represents ~8% of LUNA's accumulated BTC to date
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Replying to
Broski I dont need to sell btc to come up with 300M
Dont think any action is needed though, usually these imbalances flip positive soon after peg fud passes historically
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We'd appreciate a pump in the corn, if those 300 are free, thanks
Replying to
Agree that spending $300mm to get peg form .995 to 1.00 is a bad return on capital
Hope you're right re market working itself out
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