❗️ Due to the ongoing market conditions, CoinList has enabled daily redemptions and deposits for UST vaults, powered by the Anchor Protocol.

UST transactions will be processed daily. As the market stabilizes, we will return to weekly rewards periods.

You may redeem or deposit UST here: https://coinlist.co/rewards.

Euro stablecoin volumes have spiked to all time highs in 2022.

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Trying to better understand the Terra situation.

Terra Mcap = $4.6B

TerraUSD Mcap = $13.9B

Does this mean, even if entire Terra supply is used to buy TerraUSD

$13.9B - $4.6B = $9.3B no collateral?

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BREATHE.

RELAX.

$LUNA $UST

The entire Terra ecosystem is now at risk of collapse.

I am sorry if you have money in Terra right now.

$Luna price from 10$ to 100$ in 22 weeks.

$Luna price went from 100$ to below 10$ in just 2 weeks.

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MEXC will launch "Wednesday Weekly Trading Bonus, Trade to Split 5000 USDT!" Event.

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1,000 USDT in Bonus Waiting to be Discovered

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Traditional stablecoins are less volatile since they are backed by fiat or a commodity that resists to price fluctuations.

The popularity of algorithmic stablecoins was on the rise before the controversial $UST was devalued by ~60%.

Which type of #stablecoin do you use?
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https://i.imgur.com/GyhoSVn.png

USDT vs INR
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My buddy just rode a $300 50x $LUNA short position from $116 to $2.5 for 2219x for $600k profit.

JFC 🤯

His response after: “Dammit shoulda done a $3k short”

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