It's a good point and to be honest I should have been more vigilant. I usually hold dai. I've been a fan of dai forever. I only used UST last time because the slippage was so low when there was so much liquidity and what it was like the third biggest in the market or something. And yes, totally agree with not putting eggs in one basket. personally I never do that myself except on this occasion I did. I think what I'm saying is even experienced traders who have traded for years got caught on this. Not just me but I saw so many liquidity providers getting wrecked in this. would have provided USDC or dai to the curved pools and then ended up with a bunch of UST. this was an absolute shit show
It's a good point and to be honest I should have been more vigilant. I usually hold dai. I've been a fan of dai forever. I only used UST last time because the slippage was so low when there was so much liquidity and what it was like the third biggest in the market or something. And yes, totally agree with not putting eggs in one basket. personally I never do that myself except on this occasion I did. I think what I'm saying is even experienced traders who have traded for years got caught on this. Not just me but I saw so many liquidity providers getting wrecked in this. would have provided USDC or dai to the curved pools and then ended up with a bunch of UST. this was an absolute shit show
Decentralised coin