🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Opinion: Market feeding price + high collateral rate leads USDe to repeat the UST tragedy, LSD-type assets face the same problem.
BlockBeats news, on October 11, dForce founder Mindao posted on social media stating that this big dump is similar to the Luna crash in that both occurred when major trading platforms began accepting illegal fiat stablecoins as high LTV collateral, leading to risk penetration among trading platforms. Back then it was UST, today it is USDe, and the “stability” + high loan-to-value confused most people. When introducing illegal fiat stable assets as collateral, the worst combination is to use market price feeding while allowing high collateral ratios; combined with the fact that CEX itself does not have a fully open arbitrage environment, arbitrage efficiency is low, and risks are further amplified. LSD type assets face the same problem. These types of assets are essentially volatile assets disguised as “stability.”