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Algo coins will always continue to fail until they are protected as in classic finance. Creating billions of UST without thinking that a massive sale could bring down the price is insane! Applying my proposal would be a basic level of protection to be able to say: we made a mistake in printing money, we have to solve it in 24 hours.
People's trust is not only based on the chain, but also on the monetary stability of a stablecoin
RE: Terra-Luna would have been saved if it had implemented the volatility auction