Back to collectionUST Near USD 0.99, and Reassurance Becomes Harder
UST’s slight slip from its peg the day before had not resolved, and the community was waiting for it to return. UST struggled near USD 0.99, the Curve pool became unbalanced, and the argument on Twitter grew louder. A price move that could be dismissed yesterday as brief now came with a harder-to-ignore sign in liquidity.
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UST’s slight slip from its peg the day before had not resolved, and the community was waiting for it to return. The Night Watchman saw the same price chart read in opposite ways: some expected a quick recovery, while others feared a larger gap.
UST struggled near USD 0.99, the Curve pool became unbalanced, and the argument on Twitter grew louder. The Night Watchman wanted to calm people, then realized that even “don’t worry” might sound like a guarantee of safety. Instead, he asked them to distinguish changes they could see in the pool, guesses about the cause, and choices they had to make for themselves.
A price move that could be dismissed yesterday as brief now came with a harder-to-ignore sign in liquidity. The chat reached no agreement. The Night Watchman decided to keep watching the pool and the price, while making time for the player questions that might follow.