Content
@
0 reply
0 recast
0 reaction
MTH
@mthch
⚠️ The next luna is in the making with Ethena https://www.coinlive.com/news/analysis-why-did-makerdao-issue-dai-in-large-quantities-to
2 replies
0 recast
1 reaction
taranis
@taranis.eth
The comparison with luna doesnt make sense, there is no death spiral. There is a variety of other risks though.
1 reply
0 recast
1 reaction
MTH
@mthch
The comparison is not on the mechanism. The comparison is that LUNA was a huge disaster for many. It seems this could also happen here.
1 reply
0 recast
0 reaction
taranis
@taranis.eth
Unless a CEX/custodial is drained/hacked or they make an operational mistake i dont think it can be as disastrous as luna. I dont have any ethena as there are other more decentralized ways that allow delta neutral yield.
0 reply
0 recast
0 reaction
