It’s been pleasure to work with you guys and share the experience, unfortunately the experiment has failed. While there are still people in denial providing exit liquidity, sell before you 100%, $LUNA and $UST it will get delisted from all exchanges very soon. This will have catastrophic implications short-term and long-term for all stables.
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most believers on the protocol have already been the exit liquidity after the cascading liquidation event. Theres nobody left but the biggest players.
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I think (pure speculation) that probably more than half, if not 3/4s, of the deposits on Anchor right now simply are not aware of the depeg. If one has the mentality of it being a “low-risk” savings account - which is sure how it’s been portrayed, and understood, by many - one doesn’t check the exchange rate every day (or even every week or month). After all, it’s supposed to be stable, right?
I think the abusers like MIM and all are now gone (thank goodness), as are crypto speculators. What’s left is more serious depositors, be it big players or not (well, the big players are more likely speculative, VCs and such).
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