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Tundra V1 🫐
@tundra_v1
Can we get some good comms from the
@LFG_org
account? I hate to be negative, but this is just bad. Where's the other important information? 1. Has $BTC been sold / how much? 2. More details about the extent at which the peg has had to have been defended thus far $UST $LUNA
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LFG | Luna Foundation Guard
@LFG_org
·
1/ Over the past several days, market volatility across crypto assets has been significant. The market turmoil is also reflected by the past week's uncertain macro conditions across legacy asset classes.
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Do Kwon 🌕
@stablekwon
Haven't sold bitcoin yet - the txn just went out. It's a loan to a market maker - if UST imbalance happens we will use BTC to rebalance, and if demand is surplus we will buy BTC We plan to eventually redeem this entire clip in bitcoin, let's see
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cryptoph.eth
@TophCoins
Replying to
@stablekwon
@tundra_v1
and
@LFG_org
okay yeah, but the it's more likely to go under peg than over, so y'all for sure 100% going to be selling more btc than you're buying. I don't see how the math works out on this dude. you're hemorrhaging money rn and taking loans to prop up your ponzi. just tell it like it is
1
TradingPlaces
@TradingPlaces18
Replying to
@stablekwon
@tundra_v1
and
@LFG_org
The Bitcoin will be used to trade just means the Bitcoin will be sold. You've essentially sent 3/4s of a billion dollars worth of BTC out to be sold at market at range lows while BTC is breaking key support, directly contributing to overall market decline. Not a great situation.
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