3 ms·
The prices of Luna and Terra remains disconnected: their market caps should be equal, but right now, Terra is worth a lot more (on paper) that Luna. So the obv
by thematrixturtle 4y ago
The prices of Luna and Terra remains disconnected: their market caps should be equal, but right now, Terra is worth a lot more (on paper) that Luna. So the obvious arbitrage opportunity is to buy worthless Luna, swap it for Terra, and cash out.
The problem is that it's increasingly hard to do any of those three necessary steps, because exchanges like Binance have delisted the lot and the Terra blockchain itself keeps being halted (so much for being decentralized!).
- ProjectArcturis 4y agoYeah, it baffles me that Terra is still at 10 cents.
- Aperocky 4y agoPerfectly explainable, you can exchange terra for $1 worth of luna, and after the exchange happens you can sell the luna for approximately $0.1 (because the price would have dropped by this much when you managed to sell it).
- anonymousab 4y agoThe main feature of any decentralized technology is complete control and influence of a few increasingly concentrated wealthy and powerful groups, after all.