Finally after 4 days of this LUNA & UST depeged event,]*( LUNA officially dropped its value to ZERO. UST, the stablecoins, is also affected.
It reminds about the last time IRON/TITAN event and the SQUID event. The practice for them are when such big cap assets hit ZERO, after few days there are some cash flowing in creating may-be lotteries payout.
Analysis of the TITAN Token Collapse: Iron.Finance Rugpull or DeFi Bank Run?
Squid Coin: A Crypto Scam That Robbed Investors Off $3.38 Million
Some people are truly insightful, they are the mechanism of the blockchain and aware of the risk before think about the profit(greed) side.
Looking back, something can offer sound returns draw my attention and I am looking at HBD as well. I got a chance to read about this post:
How Is The HBD Liquidity Doing? | Data On HBD Liquidity And Trading Volume
Also, I wrote about the HBD with 20% APY as well
HBD-20%APY/ Splinterlands/ NFT-BAYC/ M2E
20% stable returns is really attractive compare to the reality, but when I step back and think deeply, I may only put the amount I can afford to lose, even though HIVE/STEEM is comparatively infamous than those mentioned which will have less chances of being attacks.
Instead, I would rather arbitrage the depeg during the long term for the 20% annual return, just like the accident yesterday with USDT.
It also reminded I was asked for the collapse possibilities about USDT. My answer is won't happen. With the history of USDT and the very fundamental of it in the crypto world, it won't.
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