2min chapter

Crypto Critics' Corner cover image

We Never Wanted to Discuss Terra and Luna ever Again... and yet

Crypto Critics' Corner

CHAPTER

Is There an Arbitrage Mechanism?

"The unchained peg is totally broken right now because that pool is so unbalanced. The protocol, with its current set of limits, cannot mint enough luna to even that pool," he says. "That's not even talking about the much larger sources of liquidity off chain."

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