What is happening with UST ? A good news ?

  1. Brahh its the wallstreet bets they gonna pump it back to $1 brahhhh!!!!!!!!!!!!!!!!!!!!!!

  2. Maybe people are farming on the Mirror Protocol. For the past month you could buy up UST>> Buy mirrored assets priced as if UST = $1>> and then earn MIR and then sell it. I made about 50% my original investment in just passive returns until just recently when I decided to pull out because of the price of UST. Also I'm not super sure how this is effecting post attack mirrored assets like mETH, mBTC, mDOT, but the price has been tanking on these and the APY has dropped significantly.

  3. It can't repeg but it certainly could hit $1 and higher now since it's on its own and it doesn't have a burn/minting mechanism to maintain price. People don't like to hear this.

  4. This was a huge mistake..I should never have touched it and just hold actually backed stablecoins like USDC, BUSD and EEUR. I've cut my losses and moved on from it.

  5. For me, this is not good news. I suffered a significant financial loss as a result of the drop, and I already cut my losses and switched to USDC and EEUR fiat-backed stablecoins. Those who bought it cheap will view this as fantastic news.

  6. I've been debating on buying in on this... if the algorithm works, it would have to eventually come back to $1 right?

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