You don’t just come in to “deploy more capital” to prop the peg. Code it! Smart contract it into your blockchain and make it automatic, create a reserve that feeds itself. Bot it. But don’t randomly step in to save the day as an entity.
Yeah. I think this was the wrong move (call me Captain Obvious). All it did was signal fear when it was intended to reassure. I mean if the big cheese is worried then I as a holder am gonna be doubly worried.
What does he know that I don't. Screw it. I'm out. I did not hold UST, but I guarantee that those thoughts went through many people's heads today. Ironically the move could have been to just hold fast and let it sort on the merits of the coin in the market.
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