Good day everyone, this article will be appreciated by clever people and hated by Maxis and other fanatics.
1) IS THE DEPEGED UST a FACT or a FUD ?
The proof of what is coming is given by the CEO of terra himself, so don't call me FUD.
The UST TERRA is backed, ... not by real USD, or USDC, or USDT, no even.
It is backed by BTC, and this is a very bad thing for the TerraLabs, Do Kwon, and UST
Because , technically, we are in a beark market.
We have more and more confirmations of that.
Many supports and markers, have been broken.
2) BEAR MARKET
Even Charles Hoskinson, admits that we are now in a Bear Market....
Charles Hoskinson, you said ? the CEO of ADA CARDANO ?? Yes !!
So, now it's not a joke.
3) THE WORST ELEMENT
My intuition is that the Terre Labs company is a very subtle rug company that uses a scam stable coin to add Bitcoin to its portfolio by attracting clinets with a high rate of around 18 or 19 %
They announced a very strange thing : that they would take a loan of Bitcoin to protect the Peg of the UST , if it falls
BUT : we are in a bear market, and if the price of Bitcoin continues to decrease, the loan will be automatically closed and that will trigger a violent cascade of sales. And when I see the messages of Do Kwon, who is absolutely not worried about how feel UST investors ( he laughs and says "I like chaos" ). Is that a way to address the concerns of UST investors ?
I don't think so.
4) THE DANGEROUS CORRELATION BETWEEN TERRA LUNA and UST
The stability of UST, was, assured by the fact that terra Luna crypto was in a bull market.
But what happens in a bear market ?
In a bear market, prices collapse, and the conditions that asserted the peg UST/USD are not gathered any more, especially that UST is peged not by USD, or USDT, but by BTC
5) THE EXTREMELY SUSPICIOUS TIMING for REMOVING a POOL of LIQUIDITY
The Terraform labs has removed a pool, and in that case, it is like a rug pull.
Even if they don't call it a rug pull.
The incentivize of 19% seems more and more to be fake, and it uses the HYPE and FOMO to attract more liquidity.
6) TERRA accuses 2 bad actors to put pressure on the UST (bla bla bla)
The fact that UST is backed by BTC, is definitely a very dangerous thing for the stability of the UST peg.
And I don't believe the UST Terraform on that argument.
Of course, if Terra removes liquidity pools like a rug pull, how do you want that actors trust them ?
Everytime there is a bear market leaded by Whales, anyone is calling to FUD and does not take its responsibilities.
Terra is in South Korea and not so easy to regulate them by the US authorities.
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