Na Te Tangohanga a Celsius i Tiango Te Terra/LUNA? Kereme & Whakautu

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Wenerei, Hune 8, 2022 11:18 AM

Na Te Tangohanga a Celsius i Tiango Te Terra/LUNA? Kereme & Whakautu

I whakatauhia e Celsius te paanga domino? Tata ki te marama ki muri, Ko te Poraka Crypto i kii ko Celsius i toia te iti rawa o te $500M mai i te kawa Anchor i mua i te hinganga. E rua wiki ki muri, ko te kamupene tātari poraka a Nansen i tohu a Celsius i roto i nga pukoro nui e whitu e kiia nei i whakaohooho te oma peeke i runga i te Anchor. No tata nei, ka whakautu a Celsius. 

Koinei te whakamaramatanga mo te hinganga o Terra/LUNA? Ko tenei ahuatanga katoa ehara i te whakaeke whakaaro? Ko nga ope maakete maori te kawenga? Ko te whakatau tata ko te 75% o nga UST katoa e noho ana i maukati i roto i te Kawa Punga, he ratonga i tuku i te 19.5% te hua. Ko taua nama tetahi o nga tino kaikawe i muri i te angitu o UST me LUNA. Ko te mea tika i timata te toto i reira. 

E ai ki tenei ariā, i pehea enei mea katoa? Kia tirotirohia nga meka me nga whakamaramatanga a nga roopu katoa e whai waahi ana.

When the Terra/ LUNA crash happened, the first and main theory was a deliberate attack on a perceived vulnerability. According to Nansen’s “On-Chain Forensics: Demystifying TerraUSD De-peg” report, “this on-chain study refutes the narrative of one “attacker” or “hacker” working to destabilize UST.” How did it happen, then? Well, the natural market forces unraveled the poorly designed algorithmic stablecoin. Back to Nansen:

"I whakamahia e ta maatau tātaritanga nga raraunga mekameka hei whakamohio i nga mea i pa i mua me te waa o te UST de-peg. Na roto i te tirotiro i nga mahi mekameka, i kitea e matou he iti te maha o nga pukoro me te iti ake o nga hinonga kei muri o enei pukoro i arai atu ki te kore tauritenga o nga kawa moni Curve e whakahaere ana i te riterite i waenga i te UST me etahi atu stablecoins.

Ko tetahi o aua putea na Celsius. I mohio ratou kei te heke mai he tiango? Aore ra i aro noa ratou i te tuatahi ki tetahi ahuatanga kino?

I timata te hinganga o Terra/LUNA i te 9 o Mei. E rua nga ra i muri mai, ka kii a Celsius i tenei panui pouri: "Hei waahanga o ta maatau kawenga ki te mahi i to taatau hapori, ka whakatinanahia e Celsius Whatunga me te noho ki nga anga whakahaere morearea pakari hei whakarite i te haumaru me te haumaru o nga rawa i runga i ta maatau papaahi. He haumaru nga putea kaiwhakamahi katoa. Kei te tuwhera tonu matou mo nga pakihi pera i mua.

As part of our responsibility to serve our community, @CelsiusNetwork implemented and abides by robust risk management frameworks to ensure the safety and security of assets on our platform.

He haumaru nga putea kaiwhakamahi katoa. Kei te tuwhera tonu matou mo nga pakihi pera i mua.

— Celsius (@CelsiusNetwork) May 11, 2022

What did Celsius mean? The circumstances forced them to explain themselves. In the article “Search Continues for Source of TerraUSD Crypto Bank Run,” the Wall Street Journal paraphrases them:

"I kii a Celius ko tana roopu whakahaere morearea i mohio" nga huringa i roto i te pumau "o te turanga i akiaki ai ki te tango i ana rawa mo te tiaki i nga moni a ana kaihoko. Kaore te kamupene i whai hua mai i te koretake, e kii ana.

Ka whakapumau ano ko tetahi o nga tauira pakihi a Celsius ko te tango noa i nga putea mai i a raatau kaihoko, kati nga putea i Anchor i te 19.5% hua, tuku ki a raatau kaihoko he 14% hua, me te putea te rereketanga. Heoi, “kare i tino marama ki nga kaipakihi moni tera pea i whakangaohia a ratou moni i roto i te putea Celsius ki te turanga Anchor. Kaore a Celsius, Voyager me etahi atu o te umanga e whakaatu ana i o raatau hoa rangatira.

Ko te tuhinga a Wall Street Journal i hohonu ake i te hinganga o Terra/LUNA. I tohuhia he karaihe whakanui ki a DeFi i te nuinga. 

"I roto i te DeFi, ehara i te mea ngawari ki te mohio ko wai e tuku moni mo nga moni tarewa, kei hea te moni e rere ana, he ngawari ranei ki te whakaoho i nga reanga moni. Koinei tetahi o nga take e awangawanga ana nga kaiwhakahaere mo te paanga o DeFi ki nga kaipupuri moni me te punaha putea whanui.

As an example of that, check out The Block Crypto’s explanation of how Celsius staked its money in the Anchor Platform. Apparently, doing all of this instead of buying UST directly is what saved the company, but it’s still borderline ridiculous:

“I raru te tikanga tuku moni ki te Kawa Punga. I whakamarama a Igamberdiev ko te whakauru tuatahi i te ETH ma te whakamahi i a Lido ki te whiwhi Staked ETH (stETH); katahi ka tukuna te stETH ki Anchor vault i runga i te Ethereum ki te miniti me te tuku i te bETH (he tohu tohu mo te stETH) ki Wormhole, he piriti crypto; te mining bETH i runga i te Terra ma te whakamahi i te Wormhole; i mua i te tukunga o te bETH ki te Kawa Punga.

We gave Celsius the right to reply. It’s only fair that we end this with Cory Klippsten’s criticism of the service, Swan Bitcoin’s CEO told the WSJ: 

“Kei te hokohoko hei putea penapena pai ake, kaore. Ko taau e mahi nei, he kaituku moni kore haumaru koe. Kei te kohia e ratou nga putea hokohoko me te whakangao i te pito o muri ki nga mahi ngawari kua whakaritea.

Kia mahara, he ariā katoa enei. Me mahi koe me nga korero katoa o tenei tuhinga. Hei taapiri, mahia taau ake rangahau.

Kuputuhi taketake: NewsBTC