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By Jack Melnick / May 10, 2022

As you may have noticed, things in the market have been volatile lately.  Yesterday’s lunacy, pun fully intended, was driven by idiosyncratic factors, but there was also secular risk from Terra’s model that bears had noted for months. Much of this was influenced by Luna’s well known mint-and-burn mechanic.  As the circulating supply of UST […]

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