As they should be... my point is that Block.One showed more confidence in BTC than their project, and UST is doing the same thing. ThorChain shows more confidence in their project by backing everything by their own token. A UST backed by billions in Luna (and no BTC) would show more long term confidence in the project.
RE: Luna purchases $US1.5 Billion in Bitcoin and the interest rate hikes that don't add up