So do you think the entire COSMOS network is about to fail because it heavily relies on LUNA and UST?
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So do you think the entire COSMOS network is about to fail because it heavily relies on LUNA and UST?
Yip, just rehypothecated nonsense, its building a derivative market that is short prestine collateral, and they using bitcoin as a ploy but they're not really going to be backing that when the time comes, it's just there to attractive naive liquidity.
Just my view, i honestly don't care what people do, as all these networks eat themselves, that value flows back into bitcoin