since it was not the Terra Luna Crash per se, but a liquidation in the greater market, it could happen again and happen to all stable coin systems. Your right, one should be aware of liquidation-triggered death spirals! The fact that Vest Token are a different thing than Luna Token is right, but one should not underestimate the amount of liquid hive/ hive IOUs on exchanges. The problem in a deflationary world are running costs/liabilities that can be paid neither by liquid hive nor by writing a cheque on Vests, so liquidations in to the Dollar are kind of mandatory - especially when HBD gets depeged.
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