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You mention the parallel between both blockchains in the light of the UST/terra debacle. Does Hive/hbd can suffer the same fate if we get to that level?
I do not know the technology between terra/UST but I know with Hive or hbd there is a locked mechanism that hold hbd for couple days and hbd is purely back by hive. If burned hive will be created and vice versa.
Terra is taking a huge hit at the wrong time of the spectrum. It could be the scapegoat of the relationship between stablecoin future for many.
Every time an action is happening by many at once always shows the negative light instead of the viability of the system.
Maybe I need to know more about Terra cause it is losing steam like a hot air balloon.
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Terra also has a lock mechanism but theirs is 21 days . The attack comes from liquid terra and whales manipulation in the market.
How about UST? Does it has a locked as well?
It is way way from the peg.
I can understand the terra situation suppply and demand effect.
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