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Traders arent taking advantage of the situation. They are doing what they're supposed to to bring back the peg. You are supposed to buy up the stablecoin to res
by mtoner23 4y ago
Traders arent taking advantage of the situation. They are doing what they're supposed to to bring back the peg. You are supposed to buy up the stablecoin to restore the peg. The fact that this causes a death spiral is why people keep saying these projects are worthless.