2/ First, *LFG is not trying to exit its bitcoin position*.
The goal is to have this capital in the hands of a professional market maker such that:
1) Buy UST if price < peg
2) Buy BTC if price >= pegthus significantly strengthening the liquidity around UST peg
— Do Kwon 🌕 (@stablekwon) May 9, 2022
Coin Prices
BTC
$62,914.00
-0.49%ETH
$2,544.41
3.43%BNB
$568.84
0.62%SOL
$145.65
1.90%USDC
$1.00
-0.08%XRP
$0.582827
-0.13%STETH
$2,543.34
3.42%DOGE
$0.104891
0.05%TON
$5.51
-3.21%TRX
$0.151718
-0.31%ADA
$0.351887
-1.04%AVAX
$27.24
0.11%WSTETH
$2,997.63
3.45%WBTC
$62,816.00
-0.47%SHIB
$0.00001428
1.11%WETH
$2,544.26
3.43%LINK
$11.30
0.35%BCH
$333.97
-1.82%DOT
$4.32
0.76%LEO
$5.78
0.44%UNI
$6.78
0.87%LTC
$65.16
-0.69%NEAR
$4.34
0.17%WEETH
$2,665.35
3.48%KAS
$0.168986
-1.35%FET
$1.59
5.97%SUI
$1.48
2.95%ICP
$8.35
3.38%APT
$7.28
7.79%PEPE
$0.00000812
2.89%XMR
$175.10
-0.63%TAO
$407.41
5.17%FDUSD
$0.999614
-0.18%POL
$0.399021
0.07%XLM
$0.096284
0.03%ETC
$18.99
1.17%STX
$1.75
0.41%USDE
$0.998711
-0.08%IMX
$1.55
2.26%OKB
$39.57
-1.04%CRO
$0.085546
3.18%AAVE
$151.78
1.38%FIL
$3.75
1.31%RENDER
$5.30
3.00%ARB
$0.572973
2.32%INJ
$20.73
0.80%MNT
$0.601826
0.74%OP
$1.65
2.82%HBAR
$0.052942
2.66%VET
$0.02379266
3.71%FTM
$0.637048
-0.75%ATOM
$4.51
0.44%WIF
$1.73
-2.11%WBT
$11.21
-0.25%GRT
$0.161816
5.56%WETH
$2,542.39
3.50%RUNE
$4.43
-0.71%THETA
$1.42
0.70%RETH
$2,843.63
3.49%MKR
$1,496.51
-1.95%SOLVBTC
$62,806.00
-0.21%BGB
$0.925528
-1.15%AR
$19.73
-2.14%METH
$2,650.24
3.23%FLOKI
$0.00013252
0.88%SEI
$0.362752
7.38%TIA
$5.89
-3.09%BONK
$0.0000179
0.66%MATIC
$0.398543
0.14%HNT
$6.91
-0.37%PYTH
$0.315311
-0.30%JUP
$0.82979
3.23%QNT
$76.01
2.26%ALGO
$0.133107
0.31%GT
$8.48
2.10%JASMY
$0.02087112
-0.85%LDO
$1.10
6.73%ONDO
$0.681309
3.29%OM
$1.15
-1.00%CORE
$1.06
-1.40%BSV
$48.32
-0.34%EZETH
$2,590.95
3.37%WETH
$2,545.60
3.08%FLOW
$0.579059
0.51%KCS
$7.45
0.49%BTT
$0.00000091
1.38%POPCAT
$0.885802
-1.40%EETH
$2,540.88
3.44%BEAM
$0.01622954
-1.21%BRETT
$0.081003
-0.31%KLAY
$0.135648
0.46%EOS
$0.515949
1.03%GALA
$0.01988934
1.22%TKX
$9.60
1.25%NOT
$0.00748507
-3.97%EGLD
$27.92
0.20%FTN
$2.28
-1.03%AXS
$4.95
0.34%USDD
$0.997896
-0.22%FLR
$0.01509217
1.08%WLD
$1.60
-0.25%CKB
$0.01619968
-7.02%MSOL
$177.44
2.05%NEO
$10.29
4.27%ORDI
$33.72
-2.36%STRK
$0.397817
2.66%PYUSD
$0.997752
-0.32%XTZ
$0.699929
2.28%XEC
$0.00003293
1.09%AKT
$2.63
-0.32%CFX
$0.146422
-0.78%FRAX
$0.996675
-0.10%XAUT
$2,620.42
0.94%RSETH
$2,600.73
3.39%SAND
$0.27259
0.92%WBTC
$62,823.00
-0.39%SATS
$0.00000029
-3.08%ENS
$18.20
1.55%DYDX
$0.952986
1.29%W
$0.230922
-0.93%NEXO
$1.041
2.50%RON
$1.61
1.81%MINA
$0.483029
0.97%PENDLE
$3.52
3.32%MANA
$0.296552
0.74%WETH
$2,543.52
3.45%APE
$0.785102
-1.41%SNX
$1.58
5.92%CHZ
$0.056889
1.30%CBETH
$2,745.55
3.38%AERO
$0.818959
0.41%PAXG
$2,618.33
0.92%CAKE
$1.85
0.10%DEXE
$8.68
2.85%TUSD
$0.999271
-0.21%ENA
$0.258261
3.86%LUNC
$0.00008481
-1.66%ASTR
$0.067062
3.84%DOGS
$0.00092203
-6.84%AIOZ
$0.425499
0.40%IOTA
$0.138133
3.61%BOME
$0.00682008
-2.50%LPT
$13.56
0.13%ZRO
$4.19
-1.47%ZEC
$30.92
-1.89%WETH
$2,542.23
3.33%JUPSOL
$151.40
2.10%MEW
$0.00520726
-3.71%FRXETH
$2,534.05
3.40%ROSE
$0.066127
1.95%TFUEL
$0.06605
4.16%ZK
$0.119706
-1.43%GNO
$164.78
3.65%AXL
$0.538174
-1.69%XDC
$0.0284148
0.85%MOG
$0.00000117
0.24%RAY
$1.58
0.79%TURBO
$0.00602134
-1.47%BLUR
$0.21991
7.74%USDC.E
$1.00
0.01%NFT
$0.00000041
-0.86%USDB
$1.001
-0.09%OSMO
$0.526899
1.12%BTG
$23.05
1.36%SUPER
$0.889504
1.35%KAVA
$0.36925
-8.45%COMP
$44.88
0.87%WETH
$2,544.22
3.33%MX
$3.98
-0.07%PEPECOIN
$3.29
4.07%WETH
$2,542.04
3.38%PRIME
$8.08
-7.65%WEMIX
$0.902274
-0.05%LBTC
$63,122.00
-0.25%BUSD
$1.001
-0.37%IOTX
$0.0386794
-0.83%BDX
$0.054569
0.57%DYM
$1.79
-9.52%SFP
$0.743164
-0.98%GLM
$0.357837
18.69%AGIX
$0.703514
4.74%CRV
$0.295823
6.11%SFRXETH
$2,786.43
3.45%NEIRO
$0.00083748
-4.96%1INCH
$0.276237
3.00%RSR
$0.00680941
4.29%SWETH
$2,712.93
3.33%SAFE
$0.713482
-2.15%BTC.B
$62,910.00
-0.17%USDY
$1.057
0.06%TWT
$0.815771
-0.54%AEVO
$0.385986
2.76%ARKM
$1.20
5.55%GMT
$0.135034
1.53%WOO
$0.178128
2.47%MPLX
$0.326877
13.87%AMP
$0.00397296
2.63%PEOPLE
$0.062868
0.21%KSM
$20.54
-1.50%SUNDOG
$0.314756
-4.95%HOT
$0.00173592
1.51%ETHX
$2,643.68
3.62%GAL
$2.36
0.34%DASH
$24.97
-0.36%MANTA
$0.785714
4.14%BABYDOGE
$0.00
-16.14%ELF
$0.404639
8.21%CORGIAI
$0.00085356
6.70%CAT
$0.00004337
21.07%JST
$0.02903502
1.97%POLYX
$0.262726
6.56%JTO
$2.25
1.50%BAT
$0.189641
2.48%ZIL
$0.01494158
3.69%ANKR
$0.02821692
1.80%QAI
$79.31
-1.93%CELO
$0.508969
-3.30%ZRX
$0.32769
3.81%SC
$0.00479937
5.81%MEME
$0.01045142
-1.62%ILV
$40.28
2.20%CWBTC
$1,263.13
-0.29%G
$0.03763259
-4.05%LUNA
$0.389512
-1.09%ULTIMA
$6,525.76
0.33%QTUM
$2.49
3.08%ANT
$6.54
6.86%MMX
$1.79
-0.17%ENJ
$0.150069
-0.44%ETHFI
$1.48
-0.88%RVN
$0.01790154
-0.21%WBTC
$62,874.00
-0.13%SAGA
$2.48
4.13%AVAIL
$0.142716
-2.01%OHM
$15.72
0.81%GAS
$3.83
7.82%DOG
$0.00248121
-0.14%SAVAX
$31.76
0.56%SUN
$0.02470502
-1.76%GMX
$25.03
1.52%CET
$0.08671
-2.56%USD0
$1.001
0.14%T
$0.02435993
3.48%ALT
$0.102795
-7.64%ZETA
$0.591924
-9.47%OSAK
$0.0000003
7.89%ATH
$0.056933
-5.93%OCEAN
$0.685365
5.27%