RE: Anatomy of a Flash Crash
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You're welcome! The last month especially has been really wild, but it has motivated me to get back into writing (and cross-posting my older material that didn't make it onto Hive yet).
Some people asked me to write about the Terra collapse, which I think has been done to death, but I might still write about my own arbitrage adventure with it. I have a few other drafts I want to finish up first, though.
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The Terra thing was interesting and yeah people I am sure want to understand better how our hbd system may correlate to such an attack which would be seemingly nearly impossible.
Finally it is spring time in Oregon! Hope you are getting out and enjoying it!
The 'haircut' that kicks in if we exceed the debt threshold precludes HBD from falling to a total bank run like what happened to LUNA. That doesn't mean HBD can't trade at discount when confidence in the mechanism isn't high enough.