This whole UST de-pegging situation reminds me a bit of the 2008 crisis. The decentralized web is not so decentralized after all.
\- BTCs from LFG are gone. Of course, we all know why. Sounds like a very efficient decentralized governance took a quick decision.
\- Stableswaps and other “decentralized” protocols block the withdrawals or swaps of UST.
​
This whole situation I feel will bring even more regulation in the space, especially stablecoins. Considering that some protocols are not so decentralized makes them an easy target for regulators. Any thoughts?
No. Just search for wormhole or read rekt.news