Do Kwon 🌕

@stablekwon ↗

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Last Checked April 3, 2023

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Thu Dec 08 15:25:39 +0000 2022

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Do Kwon 🌕 @stablekwon

@gabrielhaines @UnterseeS And the btc purchased was announced, and used to build reserves which later was used for peg defense — PolitiTweet.org

Posted Dec. 8, 2022

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Do Kwon 🌕 @stablekwon

@gabrielhaines @UnterseeS Its making not taking - curve pools were imbalanced such that UST was trading at premium. In an order book analogy it doesnt hit bids below a dollar — PolitiTweet.org

Posted Dec. 8, 2022

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Do Kwon 🌕 @stablekwon

@cewh1te @gabrielhaines @UnterseeS Yeah but i dont see what the problem is, other mms would have arbed that liquidity imbalance anyway, and the eco would have had less reserves to defend peg during downturns And rebalancing liquidity definitely didnt contribute to the depeg, think thats lazy analysis — PolitiTweet.org

Posted Dec. 8, 2022