CZ’s FAQ 8 - On LUNA/UST and Taking the Right Risks | Binance Blog

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.cz_binance has written a new article about $LUNA & $UST. He shares his views on the situation and reflects on the lessons, spillover effects, systematic risks & more👇

. At Binance, our first focus is always to protect affected users. Sadly, there are no great solutions here that can please everyone. Many proposals were discussed in the community. Unfortunately, each had its drawbacks.. Binance has also volunteered to let the Terra project team focus on helping the retail guys first before us.Let’s take a look at the design flaws.

The Terra team was slow in using their reserves to restore the peg. The entire incident may have been avoided if they had used their reserves when the de-peg was at 5%. After the value of the coins had already crashed by 99% , they tried to use $3 billion to do the rescue. Of course, this didn’t work.

Lastly, I have mixed feelings about the revival plans provided by the Terra team. But as I said, regardless of my personal feelings, we will be here to support the community’s decision.Yes, of course. There have already been shockwaves sent throughout the entire crypto ecosystem. USDT de-pegged to 0.96 for a bit but recovered quickly. Many crypto projects were and are still negatively impacted in many ways. If nothing else, most crypto prices dropped. Even bitcoin dropped about 20%.

 

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cz_binance When something is too good to be true, it ain’t. Dun be greedy. Too greedy in this case. 20% return 😂

cz_binance You are the active owner 🧐

cz_binance Siz insanların kanını emen bir parazit gibisiniz piyasayı elinizde tutuyorsunuz istediğiniz gibi yönlendiriyorsunuz !! Ama genele bakıyorsun kripto dünyası hiç bir yere bağlı değil algısı yaratılıyor hepsi yalan hırsızlar konseyi kurulmuş haramiler oturduğu yerden zenginlesiyor!

cz_binance the image also belongs to the binance exchange, so I ask how 4 zeros are destroyed overnight? Don't make fun of people! !!!!!!

cz_binance MMirabiun

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cz_binance Take a look at singularitynet

cz_binance People have been scammed stablekwon cz_binance 🤝😡

cz_binance I'm not Luna's holder, but I think Luna should be saved, saving Luna means saving a lot of people. Vice versa. Save Luna🔥🚀 Save Luna🔥🚀

cz_binance Thanks cz. You always support your community. Great leader of crypto industry ❤️😍

cz_binance 'While Terra did have an ecosystem with some use cases, the speed of growth of the ecosystem did not match the speed of the incentives used to attract new users. The growth was “hollow”. Eventually, the bubble burst, and here we are. ' 👍👍

cz_binance While all of that is true, but why did Binance also offer 20% staking on UST? At least Binance should check the 'design flaws' before accepting that, correct?

cz_binance I would never enter the crypto exchange without Luna being rescued

cz_binance Great article. Worth reading

cz_binance IF LUNA NOT GO TO THE MOON, SHOULD WE BLOCKED BINANCE IN ALL COUNTRY

cz_binance cz_binance and VitalikButerin Should both write a paper on Steam_Exchange. Consider this an invite. Weigh in what this team is developing and how they are doing it.

cz_binance cz needs to pay for USTs locked in binance earn

cz_binance pray Disaster elimination Leave your name below and transfer 0.1BNB to the address to complete a blessing and disaster relief 0xf19C12ad81Bd38D794b6deC8ad9d43557B8fa593

cz_binance The biggest pollution man made is due to plastic. Fortunately, Nature has alternative product but all is need to know you about it. climatechange ClimateCrisis environment sustainability pollution

cz_binance cz_binance 'eventually, you need to generate “income” to sustain it, i.e., more revenue than the expenses. Otherwise, you will run out of money and crash. ' Yeah.. total agree. Btw, interested solution from OpenWorldVision Check it out

cz_binance why not list lisprocoin on binance maybe make more money to investors than luna

cz_binance Only buy Luna 🤩🤩🤩🥳🥳🥳🥳

cz_binance my luna story: last year it was trading from 3 to 4$, bought it & i am with them when they fly.this year, my luna goes bck to 3 to 4 $ watching all my profits slowly being eaten so i doubled my capital thinking it will bounced bck just like last year...but i failed & i was doomed

cz_binance Dolandırıcı hırsız luna ortağı

cz_binance BOYCOT_LUNA

cz_binance Do Kwon, especially Cz Binance, defrauded us by manipulating people. If our money is not returned, we will close our binance accounts as a large group and malign Binance to everyone. luna stablekwon cz_binance cz_binance LUNAtics lunacoin Terra_Luna TerraIsMoreThanUST

cz_binance Sorun çözülmelidir sonu yargidir

cz_binance Luna's end will be bad for the crypto world. Burn is the best solution.. saving Luna would bring confinement to the entire crypto community..

cz_binance kindly black list to DOKOWN

cz_binance Heyy!!! Do Kwon, especially Cz Binance, defrauded us by manipulating people. If our money is not returned, we will close our binance accounts as a large group and malign Binance to everyone. luna stablekwon cz_binance cz_binance

cz_binance Hilangnya kepercayaan di pasar crypto akibat insiden ini...

cz_binance I want to redeem UST at $1 on the platform

cz_binance What happens to those who buy now? $LUNA

cz_binance a ukrainian person lost all his money by making UST apy, at least return the UST of the ukrainian people who are victims of war.

cz_binance Hello I really need help is there anyone to listen to me ?🥲

cz_binance Excellent balanced view and conclusion.

cz_binance he's talking nonsense. Binance supported this project. Binance is its biggest investor. Does binance not research the project before investing? yes, that's stupid.

cz_binance Is there hope for it to rise again?

cz_binance When they will add Luna / USDT

cz_binance MARCIANOPHONE un video

cz_binance Cc stablekwon

cz_binance Ubxs😘😘🌟🥳🥳

cz_binance Yes, ok. But you promoted It as safe and Happy earn. Then could you tell what Will happen tò people Who stake UST? Luna comunity sucks and Just doesnt care. You shuold tell something tò your customers.

cz_binance ubxs amazing

cz_binance In fact,the collapse was already programmed to happen,It wasn't a technical accident. It was a crime deliberately programmed to happen. Do Kwon ( stablekwon ),and everyone who participated are all THIEVES.We want prison for Do Kwon and for everyone who participated in this crime

cz_binance (((let’s not let one failed company kill the entire industry)))

cz_binance $luna .....

cz_binance stablekwon is ab Normal big scammer

cz_binance $PGIRL has strong team and community, there is a HUGE BUYBACK and BURN ongoing. NFT Minting is now live on and NFT staking is upcoming. this is amazing. pandagirltoken $PGIRL pandagirl nft nftart giveaway BTC ADA ETH SHIB babydoge

cz_binance Very well explained 🙌

cz_binance I think it's gamble became gambling game of chance/luck it's not what risk is it's gamble

cz_binance Can’t do ust peg $1 when Luna hard dump. Should do ust = Luna only.

cz_binance Actually you are exactly in goblin mode now.!

cz_binance yeah yeah yeah scammer cz ☺️

cz_binance Gözden düştünüz güven kaybettiniz hiçbirşey eskisi gibi olmayacak

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