Weekly Roundup 05/13/22 (Terra collapses, FASB reconsiders Bitcoin accounting, the Fed's third mandate) (EP.318)
On The Brink with Castle Island
Ancor Explained the Anchor
Anchor was the force which sucked in all the liquidity into the terra system, inducing people to create us t. And so you can think of it as like us t is actually just the exhaust of the system, sort of a by product. It wasn't used for anything other than just parking funds. Us t ended up massively juicing the price of luna,. Because luna was jhus passed through a thing you had to get access to to participate in the first place.
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