Sounds like the exact same protocol that Terra had with Luna. | Hacker News

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		ProjectArcturis on May 14, 2022 \| parent \| context \| favorite \| on: Luna Cryptocurrency Collapse: How UST Broke Sounds like the exact same protocol that Terra had with Luna.

charcircuit on May 14, 2022 [–]

The difference is that that mechanism isn't supposed to regularly be used. They've only ever gotten into debt once.

Right now there are vaults containing $10.6B worth of various coins as collateral for 6.4B DAI.

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