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RE: Kwon Couldn't Survive Offering 20%, What Makes Justin Think He Can Survive at 30%?
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@mercadomaestro
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1 min read
Great read, kudos! I remember questioning early last year, what was backing UST & LUNA, and whether or not the Anchor Protocol was the greatest invention in history or a total ponzi scam debt trap. To say I was right to be suspicious is an understatement, there were just too many redflags in the Terra UST design that I couldn't look past.
USDD Seems to be a ponzi too, since there is nothing backing the USDD proven by any audit whatsoever. It's a bubble of air that is apparently holding $690M+ in USD value, that's gonna hurt on the way down.
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