TETHER HAS BEEN DEPEGGED BECAUSE OF FTX

[Anonymous No.52364848]

https://twitter.com/cointelegraph/status/1590695870906847232?s=21&t=cKYc2DQN-a_O4BOQ072CgQ

[Anonymous No.52364882]

>>52364848
old news...

[Anonymous No.52364895]

that's it i'm filtering all variations of the word "depeg"

[Anonymous No.52364929]

>>52364848
I checked and it's $1, tether has been repegged

[Anonymous No.52364944]

>>52364895
I’m gonna depeg my money from crypto

[Anonymous No.52364979]

Imagine sitting in a large amount of Tether

[Anonymous No.52365014]

>>52364848

the reason it is depegging is because people are moving from usdt to busd and udsc. just need to look at the latters overpegging as usdt depegs.

the ironic thing is, that this repeggs usdt, due to backing responsibility moving away from usdt, and puts the pressure on busd and usdc. It is all a house of cards.

[Anonymous No.52365336]

>>52364848
2 days too late faggot

[Anonymous No.52365368]

>>52364848
Bears making up Fud

[Anonymous No.52365428]

>How to Short Tether on DeFi (Aave v2):

Shorting USDT is basically borrow USDT that you don’t own, with the collateral of other coins you own, then you anticipate the collapse of USDT so that you can buy it back later at significant lower cost and repay what you’ve borrowed and keep the rest as profit.

Here is the simple idea and step by step with Aave v2, but if you understand it you can do it on other platform such as Compound:
-Deposit your collateral coin, this could be ETH, USDC or anything else.
-Borrow as much USDT as possible
-Swap USDT into your collateral coin
-Deposit the swapped coin as collateral again
-Borrow more USDT
-Repeat as much as possible, but keep a buffer between liquidation and current debt-to-collateral ratio.

If you take a look at Defipulse.com there’s a few platform you can short (borrow) USDT

>Dapp for CDP management:

There’s some dapp that helps us manage our collateralized debt position, and the more popular one such as InstaDapp and DefiSaver. Through the use of proxy contract they offer us the feature of deposit collateral and borrow USDT in one single transaction. Which help us save on gas fee.

Both of them also offer simulation with 100 ETH balance, which let you play around with their feature before putting your money into it. I highly suggest trying out their simulation so you can avoid mistake when using actual money. In simulation you don’t have to sign any transaction with your wallet.

>Example of shorting USDT with InstaDapp simulation on Aave v2:
https://www.youtube.com/watch?v=EL7niWJYkEc

[Anonymous No.52365449]

>>52365428
Post your position. You keep spamming that, surely you've done it yourself?

[Anonymous No.52365464]

>>52364848
YOU ALL SAID THAT USDT WAS A GOOD INVESTMENT. I WENT ALL IN. I AM FINANCIALLY RUINED BECAUSE OF YOU. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.52365487]

>>52365449
>Both of them also offer simulation with 100 ETH balance, which let you play around with their feature before putting your money into it.

[Anonymous No.52365509]

ITS OVER. Tether is kill

[Anonymous No.52365549]

>>52365487
>>52365428
These people wanna bring USDT down which is bad for crypto guys it could collapse and we would get regulations they are government operatives

[Anonymous No.52365630]

>>52364848
Tether getting relegated to the dustbin of history would be the most bullish thing to ever happen in crypto.

[Anonymous No.52365712]

>>52365549
USDT is the fed's vehicle to manipulate crypto now and has been since the bitfinex faggots relinquished control in exchange for a symbolic slap on the wrist from regulators. The luminaries behind Tether are basically indentured servants to globohomo bankers now.

[Anonymous No.52365724]

>>52365549
>They will freeze funds
Huh, how is this possible???

[Anonymous No.52365736]

>>52364848
Tether depegs my anus

[Anonymous No.52365749]

>>52365724
edit, they will freeze fund ONCHAIN

[Anonymous No.52365767]

>>52365428
decent ideas but outdated information
>aave v2
>manual folding
this isn't 2020 anymore
if you want to short tether, this is what you do
>go to defisaver on optimism or arbitrum
>use aave v3
>enable efficiency mode
>deposit USDC
>"boost" 25x

[Anonymous No.52365772]

>>52364848
Old news op

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Pic related, hop on TG

[Anonymous No.52365922]

>>52365772
Can we get a mod to ban this scam spamming faggot already? If it's a mineable coin then you can't do airdrops unless you want to get assraped by feds btw.

[Anonymous No.52365932]

>>52365767
I will take a look at it, thanks

[Anonymous No.52365948]

>>52365922
It is a mod

[Anonymous No.52366347]

>>52364848
>depegged
Is that like the reverse of pegging where the man fucks the woman?

[Anonymous No.52366415]

my girlfriend pegged me last night.

[Anonymous No.52366497]

>>52364848
>$0.9976
this literally happens every crash
USDC is the only stablecoin that US residents can directly convert to fiat, since Tether doesn't allow US residents to interact with it
However, a lot of exchange liquidity is in the form of USDT
If someone wants to go from crypto -> fiat, they have to go through crypto -> USDT -> USDC, which pushes USDC over the peg and USDT under the peg

[Anonymous No.52367152]

>>52365724
>Doesn't understand how smart contracts work
Many such cases.

[Anonymous No.52367209]

>>52364848
i literally dodged a bullet cuz i sold all my USDT just hours before it crashed and exchanged it all into ETH when it was at the bottom
i feel lucky but how do you guys feel about buying the shit out of tether right now? it's at round 0.97-0.95 and im sure it will go back to 1.02 by the end of year so buying it and throwing it into a yield for those two or three months might be some good idea right?

[Anonymous No.52367234]

>>52365464
it will go back to 1$ as soon as the dust settles, chill the fuck down and look at the 1 year chart

[Anonymous No.52369299]

More like pepegged

[Anonymous No.52370368]

>>52364848

[Anonymous No.52371243]

Someone should use this to declare nuclear war