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NFT profile picture
Can we get some good comms from the 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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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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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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NFT profile picture
Okay. Thx Ser. This could have been included in some way in the initial comms. These things are important. Plz let's not feed the cockroaches unnecessarily.
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Ser, how long do you expect this situation to last? I know it’s unpredictable as it’s based on current markets. However, broad markets are expected to be in decline for the next few years. With are we talking weeks or months or longer?
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