The prophesy almost came true. Can you please follow up based on recent events? BTW arbitrage based on LUNA/UST minting mechanism is not so simple cause swap spreads are variable and depend on market conditions. Today spead for market swap was about 1% that prevented arb. Consequently LUNA supply diminished once again ))) Guys in TFL are clever
Hi Thank you very much for this solid assessment article. I have a question. Please be assured that you would not be held countable for your comment. What would be the danger zone for UST/Anchor depositors in light of the depletion level of the Yield Reserve? $10 million left in the Yield Reserve? $5 mil? Or $30 mil? Many thanks for your reply in advance.
I suspect the market gets spooked more or less if the yield reserves fall at an accelerated rate, which is what is happening right now: http://www.mirrortracker.info/anchor .
It's much more than that. It's running at a little over $1M per 24 hours right now and accelerating. Many of us have been raising warning flags in the forums for a while. Great article. I agree with all of this.
Thank you kindly for the investigation, how do you get paid for doing this work? Or what is your incentive to do this work?
Hi! Good question. We are funded by research grants.
This one aged well.
Looks like a great time to do a follow up.
The prophesy almost came true. Can you please follow up based on recent events? BTW arbitrage based on LUNA/UST minting mechanism is not so simple cause swap spreads are variable and depend on market conditions. Today spead for market swap was about 1% that prevented arb. Consequently LUNA supply diminished once again ))) Guys in TFL are clever
Thank you for this indepth Article!
How did you manage to connect the Abracadabra Frontend to the Time-Wonderland Adress to see their liquidation price?
I used the Frame wallet.
Hi Thank you very much for this solid assessment article. I have a question. Please be assured that you would not be held countable for your comment. What would be the danger zone for UST/Anchor depositors in light of the depletion level of the Yield Reserve? $10 million left in the Yield Reserve? $5 mil? Or $30 mil? Many thanks for your reply in advance.
I suspect the market gets spooked more or less if the yield reserves fall at an accelerated rate, which is what is happening right now: http://www.mirrortracker.info/anchor .
Reserves are at 57 million right now. Assuming 0.3 million depletion per day (on average), we're looking at 190 days until zero-day.
It's much more than that. It's running at a little over $1M per 24 hours right now and accelerating. Many of us have been raising warning flags in the forums for a while. Great article. I agree with all of this.