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
Bitcoin
$70,058.00
-0.63%Ethereum
$3,542.19
-0.69%BNB
$617.37
5.90%Solana
$185.73
0.98%XRP
$0.631578
1.80%Lido Staked Ether
$3,531.48
-0.83%USDC
$0.999378
-0.11%Dogecoin
$0.214243
-2.44%Cardano
$0.661776
2.20%Avalanche
$53.78
-0.43%Shiba Inu
$0.0000308
-4.37%Toncoin
$4.93
-0.92%Polkadot
$9.58
0.94%Bitcoin Cash
$630.88
10.78%Chainlink
$19.00
-2.48%Wrapped Bitcoin
$69,949.00
-0.62%TRON
$0.120263
0.01%Uniswap
$12.86
4.31%Polygon
$0.996211
-1.23%Internet Computer
$17.59
-0.01%Litecoin
$103.27
8.27%NEAR Protocol
$7.08
-2.86%Aptos
$17.09
-3.50%LEO Token
$6.07
0.00%Filecoin
$9.82
7.98%Stacks
$3.57
6.89%Ethereum Classic
$34.62
7.55%Cosmos Hub
$12.42
1.52%Arbitrum
$1.65
-0.93%Immutable
$3.03
3.79%Render
$11.01
-2.24%Stellar
$0.143925
4.44%Cronos
$0.154121
1.05%Hedera
$0.115738
1.34%OKB
$63.85
-0.44%The Graph
$0.401224
-2.51%Mantle
$1.16
-2.80%Optimism
$3.66
-0.43%dogwifhat
$3.65
19.44%Bittensor
$531.33
-4.45%Fetch.ai
$3.23
-2.18%VeChain
$0.04632558
4.55%Injective
$37.22
-0.61%Pepe
$0.00000779
-3.92%Maker
$3,519.85
3.21%Kaspa
$0.136281
0.25%THORChain
$9.08
-4.50%Theta Network
$2.96
0.37%Fantom
$0.989013
-3.81%Arweave
$41.51
-2.42%Celestia
$15.22
10.65%Lido DAO
$2.89
-1.10%First Digital USD
$1.002
0.46%Monero
$135.08
-1.25%Sui
$1.99
0.58%GALA
$0.065297
-0.63%FLOKI
$0.00024204
-4.65%Sei
$0.843822
-1.82%Algorand
$0.276813
2.56%Rocket Pool ETH
$3,894.61
-1.18%Flow
$1.36
-0.51%Quant
$137.60
-0.36%Bitcoin SV
$100.34
8.60%Aave
$128.41
2.52%Mantle Staked Ether
$3,595.47
-1.62%Beam
$0.03574216
-1.76%Conflux
$0.481322
2.59%Bonk
$0.000027
-1.83%Wrapped eETH
$3,658.94
-1.21%SingularityNET
$1.34
-0.13%Jupiter
$1.26
0.07%BitTorrent
$0.00000169
5.91%dYdX
$3.50
2.49%MultiversX
$60.73
0.34%The Sandbox
$0.714185
4.06%Axie Infinity
$11.25
0.92%Starknet
$2.20
-3.29%Ribbon Finance
$1.68
4.15%Synthetix Network
$4.86
0.93%ether.fi Staked ETH
$3,515.88
-0.94%Ethena USDe
$0.999929
-0.11%Bitget Token
$1.00
-1.14%Tezos
$1.43
3.08%eCash
$0.00006995
4.36%Worldcoin
$8.28
-1.72%ORDI
$64.30
4.17%Pyth Network
$0.893941
-0.35%Mina Protocol
$1.24
-1.23%Gate
$9.91
-3.96%Chiliz
$0.148125
4.54%Axelar
$2.13
5.18%Flare
$0.03492961
1.11%EOS
$1.12
5.88%ApeCoin
$2.04
1.25%Decentraland
$0.681982
1.80%Ondo
$0.878219
-1.91%Ronin
$4.15
-0.94%Akash Network
$5.34
1.16%WhiteBIT Coin
$8.45
0.12%Tokenize Xchange
$14.86
-1.09%PancakeSwap
$4.74
3.76%NEO
$16.53
4.68%Marinade staked SOL
$218.60
0.25%KuCoin
$11.88
-2.36%IOTA
$0.352905
0.22%Kava
$1.033
5.29%SATS (Ordinals)
$0.00000051
2.93%Helium
$6.43
6.15%JasmyCoin
$0.02123619
0.28%dYdX
$3.50
2.40%Dymension
$6.37
0.22%Frax Ether
$3,491.42
-0.71%Cheelee
$17.13
0.46%Klaytn
$0.270929
1.85%AIOZ Network
$0.892696
-2.22%DeXe
$16.64
23.85%Core
$1.088
14.23%Gnosis
$362.57
-1.86%Oasis Network
$0.138671
-1.01%CorgiAI
$0.00268642
-1.10%Bitcoin Gold
$52.46
5.91%Terra Luna Classic
$0.00015565
1.27%Osmosis
$1.39
2.65%Blur
$0.596964
-0.07%Illuvium
$135.91
-3.15%Ocean Protocol
$1.41
-2.56%Nervos Network
$0.01948722
-1.51%Lido Staked SOL
$217.75
0.62%WOO
$0.45719
0.70%Curve DAO
$0.712785
2.84%Echelon Prime
$23.16
-3.60%WEMIX
$2.22
-1.40%Radix
$0.077954
-3.02%Swell Ethereum
$3,691.51
-1.43%Astar
$0.139913
-0.35%Ether.fi
$6.79
-3.59%AltLayer
$0.620873
6.57%Manta Network
$3.10
1.51%0x Protocol
$0.90816
-15.12%Terra
$1.10
0.11%NEXO
$1.34
-0.39%IoTeX
$0.078839
1.28%USDD
$0.997872
-0.06%GMT
$0.388444
-0.52%Kelp DAO Restaked ETH
$3,573.04
-1.05%BOOK OF MEME
$0.01302089
-0.03%Enjin Coin
$0.499945
0.22%XDC Network
$0.050841
2.60%1inch
$0.599428
1.09%Ethereum Name Service
$22.15
1.01%Coinbase Wrapped Staked ETH
$3,768.35
-0.87%Celo
$1.26
-1.35%SKALE
$0.130871
11.04%Zilliqa
$0.0370157
1.59%Ravencoin
$0.04773533
37.81%Frax
$0.997451
-0.12%Staked Frax Ether
$3,783.71
-0.91%Golem
$0.631741
6.63%Rocket Pool
$30.91
-3.63%Holo
$0.00349632
3.30%SuperVerse
$1.37
3.77%Frax Share
$7.67
0.13%Livepeer
$19.07
-0.50%Amp
$0.01058952
2.36%Trust Wallet
$1.41
0.46%Siacoin
$0.01034222
-0.02%Mask Network
$6.05
15.30%Memecoin
$0.03723506
-0.60%MANTRA
$0.704991
-1.95%Pixels
$0.740109
-1.91%Aerodrome Finance
$1.52
-2.74%Fasttoken
$1.82
-0.01%APENFT
$0.00000056
-0.38%Compound
$80.35
3.70%Tether Gold
$2,233.24
1.08%Theta Fuel
$0.084414
0.25%Brett
$0.064332
29.86%Polymesh
$0.523522
-9.28%Arkham
$2.65
-3.54%Ankr Network
$0.053893
-1.89%Metis
$99.48
-1.65%Reserve Rights
$0.0104874
-4.13%Galxe
$5.04
-1.84%Qtum
$4.91
6.42%Raydium
$1.93
-2.09%ZetaChain
$2.12
-0.14%Basic Attention
$0.333056
-0.16%TrueUSD
$0.999959
-0.04%cWBTC
$1,406.84
-0.65%OriginTrail
$1.21
2.51%EthereumPoW
$4.53
5.03%Loopring
$0.390514
-0.20%SPACE ID
$1.12
-7.64%aelf
$0.659281
1.14%Threshold Network
$0.04959469
-2.98%NEM
$0.052651
1.53%Casper Network
$0.03957814
1.70%Dash
$40.01
4.56%Childrens Aid Foundation
$0.467872
33.77%Centrifuge
$0.95663
-4.06%Biconomy
$0.646441
15.89%Zcash
$31.09
0.26%Gas
$6.97
-0.34%Flux
$1.31
1.97%Decred
$28.18
2.43%Kusama
$49.05
2.56%Stader ETHx
$3,608.93
-0.91%GMX
$45.16
-0.18%SSV Network
$60.01
2.15%Moonbeam
$0.498941
-1.53%Chia
$41.69
1.04%MX
$4.26
1.02%Pendle
$4.29
7.39%API3
$3.89
2.22%PAAL AI
$0.619393
-3.07%PAX Gold
$2,209.72
0.91%Vanar Chain
$0.289813
-0.61%DAO Maker
$1.71
-5.27%cETH
$71.29
-0.55%BENQI Liquid Staked AVAX
$61.16
-0.57%Waves
$3.88
0.11%Harmony
$0.03147948
-0.82%Kadena
$1.44
-2.59%Chromia
$0.470977
-0.41%Audius
$0.313716
6.78%SafePal
$0.791389
1.78%Yield Guild Games
$1.17
-2.08%Pocket Network
$0.220961
-6.80%Blox
$0.537469
-14.72%Sushi
$1.88
6.75%Baby Doge Coin
$0.00
-4.97%Aragon
$8.98
-0.76%RSS3
$0.549505
-3.10%Aevo
$3.23
2.66%Jito
$3.03
2.87%ICON
$0.357102
1.97%JUST
$0.03956658
-0.21%Convex Finance
$4.27
3.03%Wrapped Centrifuge
$0.967143
-3.35%Xai
$1.25
0.10%OKT Chain
$19.35
1.18%ALEX Lab
$0.488955
9.04%Neutron
$1.23
1.80%Portal
$2.06
-3.31%UMA
$4.36
3.22%WAX
$0.0993
1.81%Nosana
$4.04
-9.19%VeThor
$0.0045065
2.84%