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This is a false equivalence that has been proven wrong a dozen different times in a dozen different ways. The 20% that Luna offered is not comparable to the 20% we offered in any way. At this point in time there's little excuse to continue spreading these provably false implications.
- The debt ratios are exponentially different.
- The conversion mechanics are exponentially different.
- The scale and risk are exponentially different.
Please stop comparing these two thing until you know how they work.
RE: Thorchain is Insolvent: Bank Run Activated