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A comment on UST Stablecoin Loses Dollar Peg. Parent comment

Re:UST Stablecoin Loses Dollar Peg by Closi on Tuesday May 10, 2022 @06:17AM (#31325376)
> Why does it need to be sustainable? The APR can simply lower once the high APR is no longer sustainable.

At which stage, people with savings withdraw funds because of the lower interest rate and the Ponzi scheme collapses.

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Re:UST Stablecoin Loses Dollar Peg by charcircuit on Tuesday May 10, 2022 @07:40PM (#31334051)
>the Ponzi scheme collapses

The only thing that collapses would be the APY. Everyone can still withdraw their full deposit.

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Re:UST Stablecoin Loses Dollar Peg by Closi on Wednesday May 11, 2022 @06:35PM (#31346823)
Their deposit has been loaned. No free lunch here…
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