Anyone can state that something is decentralized, but it isn’t until it is attacked that you see the true strength of a project.
Hive is battle tested, now UST has the opportunity to show what it is worth.
I hope the protocol will show that it is not the big capital injection is what helps it through this, but simple arbitrage on a well written smart contact.
That would prove UST to be a real decentralized algorithmic stable coin.
Adding capital is for centralized stable coins.
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9 hours after your comment and things are not looking good Luna has fallen below 20$ UST at 0.76. It’s not smiley out there.
It’ll take a miracle to come back from this.
I wish Terra all the best at this point
me too
and if it doesn’t work out, then it is a good point to learn from for the next project that tries to surpass dai