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Will UST recover?
Hi everyone,
UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa.
UST’s model:
1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1)
2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price))
What happened?
(No.3) on May 8, when the price of
UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion)
then, On May 12, Luna Foundation Guard swapped 883,525,674UST to 221,021,746 
LUNA
Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST.
In short:
Will UST recover? yes!
Money is not lost. It can be found through tracing!
UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa.
UST’s model:
1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1)
2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price))
What happened?
(No.3) on May 8, when the price of
UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion)then, On May 12, Luna Foundation Guard swapped 883,525,674
UST to 221,021,746 LUNA Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST.
In short:
Will UST recover? yes!
Money is not lost. It can be found through tracing!
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.