LUNA UST 崩塌｜真相

Hello everyone, I'm Terry. I know a lot of people have been paying attention to the recent events of Terra's UST and Anchor. The flu that I got two days ago is really something that I can't even eat. Otherwise, I would like to record a video or start a live broadcast to update everyone on what happened. Now that the cold is a little better, I have a little energy to talk to you about this. Because I think this episode is very important, I need to tell you what happened to Anchor UST. And how much loss I caused myself, and my own views and what I learned this time. So remember to watch the video to the end.

This incident caused a lot of investment losses, including myself, whether it was because of the UST decoupling or the investment in Luna's encrypted currency. Some people even thought of killing themselves. I don't know if it's true, but it's really possible. What is UST? UST used to be the world's largest settlement currency. There was a $1.7 billion market value a week ago. The basic principle of UST settlement currency is to maintain a 1:1 bond with the US dollar by the UST and Luna, which are on the market.

When you buy into USD, it's like buying into US dollar. In theory, it should keep the value of US dollar. When there is a market shock, for example, when Luna or USD is sold in large quantities, it will cause a short-term hanging loss. In the past, we have not seen this hanging loss phenomenon, but it is a bearable strength. It will come back in the past. But this time, a large number of USD was sold in one day.

Then the entire ecosystem is in a shock and causes the UST to decouple Plus because decoupling causes everyone to panic It turns out that more and more UST is being oversold and causes this death row to cause the UST to not be recoupled And it's getting farther and farther away from a dollar Why is this so serious today? First of all, if I invest in a high-flux cryptocurrency like Bitcoin or Ethereum, I think I deserve a 30-50% Because I knew it would have this big fluctuation before I invested But UST is a stable algorithm

According to the principle, it should not be decoupled. The UST we bought is to avoid those market fluctuations to create a more stable passive income. But now UST and US dollars are 1:0.1. That is to say, you can imagine you own a country currency and then only a few nights your currency value will be 10 times higher. Before the Anchor Protocol happened, it was the most popular and most popular DeFi ecosystem chain. UST's market value has been on the top three of the stable currency. The previous rate in Anchor was 19.5%. Although the entire ecosystem chain is in a state of burning money

But I have not mentioned in this video It is a new ecological chain So they use this kind of high-value return to attract users is normal When the money is burned out, the return rate will naturally go down. There is no problem with this, these are all known before. In this month, they implemented a new policy. Is to make the return rate fluctuate Will adjust the reserve of the ecological chain every month The first adjustment in May was reduced to 18% Then everyone thought that the number of investors would be less like this. Then it can reduce the internal consumption After that, the money came in more after the adjustment. There is no problem After all, the reserve is burned out, it is good to adjust the interest rate again.

On May 9, the entire domestic currency market, not only the domestic currency, but also the US stock market, because of the red light factor, the entire market was sold out, including UST and Luna, which were also sold out. The value of UST itself is supported by Luna. If Luna is in a crash today, investors will worry that there is not enough Luna to support and hook up the UST price. So a lot of UST also left the market. Then you can imagine the market sentiment plus the investor's sentiment to create a negative spiral. It's very scary.

I was sitting in front of the computer watching my UST being defiled I think for many people this psychological pressure is unbearable Especially for those who have not seriously considered the risks I guess many people put all the money they have worked hard to save in the UST Even put the retirement fund on the UST Not to mention those who do the mortgage on Anchor

Those collateral assets were instantly taken over. What made me feel the most frustrated was that I spent a lot of time researching and investigating before I bought UST to understand the principle and risk behind it, to read their white paper, to understand the background of this team, DoQuant, and even to talk with the engineering department of Terraform Lab about the future direction of Terra, and to understand in detail that their employees' salaries are paid in the UST way. I have done so much research, and the conclusion I got is that UST seems to be a really powerful algorithmic currency.

I decided to turn some of the cash into UST to make a passive investment. After a few months, I made a video to share my research results with you guys. This time, I saw that UST price dropped when I had the most severe cold. I thought it was unnecessary to sell it. Because I knew that Dterraform had their own Bitcoin to deal with this kind of thing. So I thought this PACK would go back.

And in theory, it just takes a few days to get there. The algorithm and principle behind it have been read. It's all public. But after all, theory is still theory. I was going to give him some time to absorb the impact. Then I woke up the next day and didn't go back. I knew at that time that if the market continues to fall, it is possible that this pack will really not go back. But I still believed that maybe Dequan or their team could find a quick solution. After all, in theory, accelerating the combustion of UST and the expansion of Luna can quickly return the pack to one dollar.

And at this point, I didn't care about my Luna investment anymore. Because Luna itself is a... If there are more UST users, its price will be higher. The more people use it, the more it will depreciate. At that time, I had completely given up on Luna. I just wanted to let it continue to depreciate. Anyway, the UST hasn't died yet. At least if Luna can save UST, at least we can save one. This is what I thought at the time. It's also a wrong judgment.

The next day I woke up and the PEC was getting lower and lower, and the middle was back to 0.8. But when I was recording my video, it was almost down to 0.2. Basically, I can't go back. Then I came out a little bit at 0.8. Then there was a panic when it was 0.5. But most of the funds are in the card. Then it was until the end that I didn't have much left. Then I believe all investors in UST will feel very excited at this time. Today, let's go to invest in a bird coin. For example, what kind of dog coin or what kind of C8 coin? 89% evaporated or wiped out I think it's all worth it. If I want to do this kind of investment myself,

But the US7 is a very reasonable investment I know 18-19% in many eyes may be seen as a fraud at first sight But in the cryptocurrency, the investment return is quite normal Many very regular big platforms have 8-12% returns Not to mention those 100, 1000 or even 10,000 APY things I don't think investing in a transparent and logical DeFi ecosystem should be so big

UST

这种没有规范的稳定币是不可能去操作的。 加上在这种黑天鹅事件发生的情况下,投资人大部分都是闪乎韭菜,那我自己也是韭菜。 那人在愤怒情绪低落的情况下,自然会需要找一个罪魁祸首或是找一个entity去指责。 那自然那些大的机构很容易就被拿出来当造谣的对象。 再来就是就算真的是他们搞的,这些也完全都是合法的。

Because the free market and these coins have not been regulated by law If you find a system loophole, congratulations, you may make a lot of money. What I want to say is that my channel content has always been sharing my own views and practices And never urge you to do the same thing with me I just want to share with you 100% transparent all my investment concepts and ideas

But I still want to apologize to those who saw my previous video about Anchor and lost money on UST. After all, if I didn't share this DeFi ecosystem, you probably wouldn't participate. Whether this risk should be taken by you. Then I know that Telephone Lab still emphasized on Twitter to work hard to save this package. But I think I have lost the market's trust. Even if it is saved, it doesn't make any sense. And now that Luna is expanding like this, I think the possibility of coming back is really very low.

In fact, this matter, Terraform Lab also saved a few billion dollars. For me, the disappointment of losing this money is not as big as the disappointment of my failure to this project. Because you know, we may not have a stable currency in the future. This is very likely to be the last one. Whether it's the legal order or the information of crypto will be seriously affected. This also has a great impact on the whole blockchain and crypto's popularization.

Now USDT and USDC are just virtualized US dollars, completely controlled by the central government. If one day they can't play, especially USDT, they haven't been fully inspected yet. Have they made enough reserve assets? I think this may be a bigger bubble of natural gas. Who knows? What I learned from this is that the first thing is to separate the risks. Never invest in unbearable losses, especially in the currency. Fortunately, I just put a small amount of cash into AnchorUST.

And I mentioned that new fund in my previous video and it hasn't been included yet. So it's a good thing that the risk of buying a lucky bag has been exposed in advance. But I know that many people put in more money than they can take. So investment must be careful and cautious. Don't invest in the risk you don't understand. Because you don't understand the risk, this money shouldn't let you make it. Just don't touch it. See you next time.