a smaple: someone buy a ust as its price 0,5dollar
then he forge it to 1dollar luna
so he get 1dollar
and the luna price down, ust pirce down with luna
he buy a ust 0.4 dollar
forge it to luna,
so he can use this to get lots of money
This is how the arbitrage exchange mechanism is supposed to work. It relies on the notion that luna has inherent value because it’s the core token of the blockchain. But when there is no confidence in the project, it’s worthless. Same with all cryptocurrency.
Why not introduce a fuse mechanism?