Tether will not freeze Tornado Cash addresses

• info

  75 322 3.8 JavaScript

  ℹ️ Uniswap v1+v2 analytics

  

Somebody would! (Or rather, some thing.) There are a lot of smartcontract liquidity pools in Ethereum that facilitate trade between two tokens. The set an exchange rate by a formula that only looks at how much of each token is currently in the pool, not at prevailing market price[1].

So if and when it's apparent that Tether will be worthless, there will be a mad dash to dump it in those LPs in exchange for the other tokens, which was what happened to TerraUSD [2].

Here's a list of the LPs that have Tether as one token, just on Uniswap:

https://info.uniswap.org/#/tokens/0xdac17f958d2ee523a2206206...

[1] This as the effect of writing a persistent ITM option by the extent to which the LP's price diverge's from the market exchange rate.

[2] Here's Curve's infamous 4pool, which has TerraUSD (UST) and three other non-defunct stablecoins -- it's 97% UST now: https://curve.fi/4pool

• SurveyJS

  surveyjs.io featured

  Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

  

Suggest a related project