Because you forgot to index those who had UST deposited in the Gateway Pools… and there is radio silence now going on a few weeks about any update regarding indexing then and airdropping users Luna V2 with community funds
Indexing is a public service - the tokens come from the community pool and tfl doesnt benefit from terra 2.0 - if you dont like the speed welcome to write code, get it audited and DIY
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Do Kwon is straight ass. How he talks to people after he killed so many dreams and walks away just to steal more people's money. How is this joker not in jail yet. Can't wait to see this con in handcuffs. Going to be a beautiful day for crypto. One day, keep ur money hidden, lol
Just to set the record straight, i lost more personal money than anyone else in the ecosystem, and any reserves used were fully donated by tfl - not sure what I stole
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And unless someone was emotionally devastated by my twitter ratios, a founder having faith and confidence in his project is not in and of itself a crime
This was literally a disclosed risk of the protocol : the hyperinflationary death spiral.
Anyone spending a few hours to study algo stable history would have know the risks.
Smart money invested because it was collateralized by a strong L1 & it’s ecosystem.
This version of the design failed.
Doesn’t mean the next iteration will. It’s all about liquidity at the peg.
We need to have a decentralized stablecoin in order for DEFI to stay sovereign.
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That quote is taken out of context - many projects in crypto were intentionally designed to enrich founders and bankrupt others - was referring to those. UST failed, but it does _not_ fall into this category