RE: Almost Liquidated! 😱 😲 .:. Terra LUNA UST Fiasco Experience

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RE: Almost Liquidated! 😱 😲 .:. Terra LUNA UST Fiasco Experience

gadrian (75)in LeoFinance • 3 years ago

I want more LUNA too. But I want UST to reach its peg first, or LUNA will keep diving to support UST.

3 years ago in LeoFinance by gadrian (75)

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gadrian (75) 3 years ago (edited)

I changed my mind. I saw on @dalz.shorts that LUNA's supply increased 10x. That looks very bad in light of a potential future recovery.

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ph1102 (77) 3 years ago

That's the way how the LUNA-UST works... one burns, the other prints... Anyways, your idea about buying when/if the peg is recovered, isn't that bad at all... I will follow closely how it develops...

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gadrian (75) 3 years ago

That's the way how the LUNA-UST works... one burns, the other prints...

That's true. But it would take forever for the supply of LUNA to be burned to lower levels. Because I doubt UST will break peg to the upside. That's what it would take to burn tons of LUNA.

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