Why Frax and Curve Are Inevitable w/DeFi Cheetah - Flywheel #40
Flywheel DeFi
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Die and UST
I think it is really dangerous because a great portion of the, because die is a over collateralized, decentralized stable coin. But what's crazier here is that die is actually backing by itself, not by them. I just want to clear one more thing. I'm extracting it away. You know, tens of billions of dollars just just boom, went to zero. And so like I don't, you know, I don't think the industry takes like an assignment like that, like lightly.
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