Blackrock and Citadel. The culprits.

Messing with #LUNAtics was not a good move.

As soon as Blackrock invested into Circle (USDC issuer), $UST became a competitor.

Here is what happened over the past few days (supposedly).

🧵👇

1. Borrowed 100k #Bitcoin

2. OTC deal to sell 25k $BTC to Terra to buy $UST.

3. Sold the remaining 75k $BTC and shorted $LUNA.

4. Dumped some $UST on Curve while liquidity moved from 3pool to 4pool causing de-peg.
5. Contiuously dumped the rest of the $UST on Binance causing a further depegging.

6. FUD spread through-out twitter/reddit (including bot spam).
7. Continued de-peg undermined confidence in $UST causing a bank-run on Anchor, causing $UST to further de-peg.

8. Transaction spam with high-gas requests causing network congestions on Terra.
9. With congestion, borrowers were left unable to repay Anchor loans causing mass liquidations.

10. The liquidation mechanism used in Anchor was emptied causing liquidations to occur at extremely high premiums (Community was unable to make bids for collateral due to congestion).
11. This resulted in 100% of the collateral being liquidated and in some cases loans being underwater.

12. Continued exodus out of Anchor and $UST causing a significant contraction in the Terra economy (-20% of $UST has been burned thus far).
This will definitely go down in history.

It's significant. It's important.
Note. I said SUPPOSEDLY.

Just what the people are saying. Will have to see more info. But it makes sense. $UST is a competitor to blackrock.

There was a shit tonne of money to be made from this, and hedge funds will do anything to increase their wealth.

More from All

Margatha Natarajar murthi - Uthirakosamangai temple near Ramanathapuram,TN
#ArudraDarisanam
Unique Natarajar made of emerlad is abt 6 feet tall.
It is always covered with sandal paste.Only on Thriuvadhirai Star in month Margazhi-Nataraja can be worshipped without sandal paste.


After removing the sandal paste,day long rituals & various abhishekam will be
https://t.co/e1Ye8DrNWb day Maragatha Nataraja sannandhi will be closed after anointing the murthi with fresh sandal paste.Maragatha Natarajar is covered with sandal paste throughout the year


as Emerald has scientific property of its molecules getting disturbed when exposed to light/water/sound.This is an ancient Shiva temple considered to be 3000 years old -believed to be where Bhagwan Shiva gave Veda gyaana to Parvati Devi.This temple has some stunning sculptures.

You May Also Like

The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

1. धीवर प्रसार शौर्य भरा: The brave persevering one, your bravery is taking you forward.


2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

3. ुग्रामा असामा शौर्या भावा: He is strong, and without an equal in the ability/mentality to fight

4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.