2 ms·
I'm not sure about that. An intentional massive short of Luna and UST at the same time could have had disastrous effects (since UST needed Luna for collaterali
by bb88 4y ago
I'm not sure about that.
An intentional massive short of Luna and UST at the same time could have had disastrous effects (since UST needed Luna for collateralization).
https://coinmarketcap.com/currencies/terra-luna/ https://coinmarketcap.com/currencies/terra-luna/
https://coinmarketcap.com/currencies/terrausd/ https://coinmarketcap.com/currencies/terrausd/
So if you can flood UST and LUNA with enough volume to drop the price, you could send LUNA into a massive selloff. UST would then start to flood LUNA with shares which would accelerate the sell off.
- Hendrikto 4y agoThis seems to be exactly what happened.