Why LUNA is now trading at $0.033 at Bitfinex - but $0.0004 at Kraken? I understand that it is probably impossible to arbitrage it now - but two orders of magnitude? Come on!
Why UST is still trading at $0.16 - even without arbitrage mechanism to stabilize it? Some people still have hopes. This might go on for some more time.
The revival plan is to emit a new token and give away some of it to UST holders (https://agora.terra.money/t/terra-ecosystem-revival-plan/870...) - even if that new token gets the $1 value (which is probably not possible any more for algorithmic stable coins) - than still the 10% of $1B would mean $100M - that is 20 times less than the current market cap - so the UST price should be about $0.008 assuming that it all works. It is impossible to short it at Bitfinex right now though.
There might still be some value of the Terra ecosystem - so many talented people working on it, even a bankrupt startup can get some price via acquihire - but the Terra ecosystem was a ponzi schema maybe its value should be negative?
https://twitter.com/zby/status/1525407557371691008
Why LUNA is now trading at $0.033 at Bitfinex - but $0.0004 at Kraken? I understand that it is probably impossible to arbitrage it now - but two orders of magnitude? Come on!
Why UST is still trading at $0.16 - even without arbitrage mechanism to stabilize it? Some people still have hopes. This might go on for some more time.
The revival plan is to emit a new token and give away some of it to UST holders (https://agora.terra.money/t/terra-ecosystem-revival-plan/870...) - even if that new token gets the $1 value (which is probably not possible any more for algorithmic stable coins) - than still the 10% of $1B would mean $100M - that is 20 times less than the current market cap - so the UST price should be about $0.008 assuming that it all works. It is impossible to short it at Bitfinex right now though.
There might still be some value of the Terra ecosystem - so many talented people working on it, even a bankrupt startup can get some price via acquihire - but the Terra ecosystem was a ponzi schema maybe its value should be negative? https://twitter.com/zby/status/1525407557371691008