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The Best Explanation of the Terra/Luna Collapse [Jonathan Wu]

The Swyx Mixtape

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The Chain Stopping

I have a hard time believing it will reach equilibrium, because there is so much a symmetric cell pressure for both assets us t and luna right now. There isn't enough hard collateral. It's all gone. The bitcoin has already been sold in a last stitch attempt to save us t. If this person made a billion dollars shorting be coin and then also buying us t and oni to sell it later to increase the pressure. They are a genius hedger, and it's possible. But also, it's very hard to predict these second and third order effects. I wrote a piece on the conservation of risk on my own blog which i'm also attaching to the show notes

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