Argo was capable of promote its UST positions at 93 cents per token earlier than the worth absolutely collapsed, in response to Wall. Most not too long ago, UST was nonetheless buying and selling round 10 cents in response to CoinDesk’s worth index. “Trying again [selling at that level] was an excellent transfer given final time I checked it was buying and selling round 12 cents,” Wall mentioned throughout the name. “General, on a internet foundation, within the Terra ecosystem, we almost broke even on our positions, after making an allowance for the yield that we generated by means of our holdings,” he added.
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