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Mudit Gupta
@Mudit__Gupta
UST fiasco is very fishy. - Terraform Labs removed $150m of UST liquidity from Curve yesterday - 1 minute later, a freshly funded address bridged $84m of UST to Ethereum (Initiated bridging before TFL removed liquidity) - 4 min later, it dumped the UST, triggering the sell-off
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Do Kwon 🌕
@stablekwon
- We removed 150M UST from Curve to get ready to deploy into 4pool next week - 84M dump not us - lmk if you find out who - After the imbalances started to happen, we removed 100M UST to lessen the imbalance Obv TFL has no incentive to depeg UST
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Do Kwon 🌕
@stablekwon
And not sure what possible profit would have been gained even if we tried - 50bp spread on UST while luna giganuked?
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