Apr 6, 2022Liked by Recovering TradFi Chad

Do you have any context on what happened to Chai / why it seems to have been discontinued? Latest I checked on Chaiscan.com, which was Nov’21 data, chai was settling around USD$50M annualized transaction volume which struck me as…underwhelming? Relative to all the “real-world” use case buzz that Terra seems to get

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When a TradFi idiot writes articles about this DeFi, this is what we get.

Luna isn't being sold in the open market, it's being BURNED to mint UST which is then used to buy BTC (and sell UST).

Claiming that Do is shorting "his own currency" (which is the entire basis of this article) is just pure ignorance.

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