Remember sun announced the stable coin with 20% or was it 30% apr?
Soon Zero, next target :P
Collateral was 15h ago worth 2,3 billion. Buy why it should not be stable at 1$?
And we don't know the collateral is leveraged itself with loans :D can be a Ponzi itself.
Looks Safu, isn't SAFU. We don't know.
The USDC and USDT are good collateral if not leveraged. But where comes the APR from?
IDK,
Only something I will observe because it looks unstable.
And something to think about at the end
Luna Collapsing,
USDD depegging
Celsius halting withdrawals,
and more
Much wow.