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1. dropne+(OP)[view] [source] 2022-05-19 22:25:22
> MMF liquidated

from your link:

> In 2008 however, the day after Lehman Brothers Holdings Inc. filed for bankruptcy, one money market fund fell to 97 cents after writing off the debt it owned that was issued by Lehman. This created the potential for a bank run in money markets [...] the next day the United States Treasury announced a program to insure the holdings of publicly offered money market funds so that should a covered fund break the buck, investors would be protected to $1 NAV

if the US Treasury insured $ust, luna would have been fine

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> Why people kept locking ETH in MakerDAO CDPs over and over during the "crypto" bear market, when ETH was in the free fall?

they're long eth. it's not altruistic, it's incentive alignment.

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