Ob qhov tseem ceeb takeaways los ntawm Nansen's UST stabilitycoin depeg tsab ntawv ceeb toom

Raws li cov plua plav nyob rau ntawm qhov kev puas tsuaj loj ntawm Terra ecosystem, ib qho ntawm cov saw sib sib zog nqus-dive ua los ntawm blockchain analytics tuam txhab Nansen qhia txog ob qhov kev coj ua loj.

Lub cryptocurrency ecosystem yog suav nrog ntau yam speculatory theories nyob ib ncig ntawm qhov ua rau Terra's algorithmic ruaj khov bitcoin UST cov decoupling los ntawm nws $ 1 peg. Leej twg thiab yog vim li cas zoo li tsis paub tab tab sis qhov tshwm sim yog kev puas tsuaj, nrog UST poob qis dua $ 1 thaum tus nqi ntawm Terra's stabilitycoin token poob rau hauv tus nqi raws li qhov tshwm sim.

Nansen tau ua qhov kev tshawb nrhiav leveraging on-chain data from Terra ecosystem to the Ethereum blockchain in an effort to chart the chain of events that lead to the UST depeg.

Nws yog ib qho tsim nyog sau cia tias daim ntawv tshaj tawm tsis suav nrog cov xwm txheej tawm ntawm cov saw hlau uas tuaj yeem ua rau qhov xwm txheej hnyav dua, cuam tshuam rau cov tub ua lag luam, kev puas tsuaj ntawm cov nyiaj poob ntawm lub hnab nyiaj, thiab dab tsi tshwm sim rau Bitcoin (BTC) reserves txhawb UST.

Attackers preyed ntawm ntiav Curve liquidity los exploit arbitrage lub sij hawm

Thawj thiab qhov loj tshaj takeaway yog Nansen qhov kev txheeb xyuas ntawm cov chaw nyob me me lossis cov neeg ua si uas txheeb xyuas qhov tsis zoo hauv Terra ecosystem. Cov neeg ua yeeb yam no preyed ntawm qhov dej ntiav me me ntawm Curve pas dej ua ke txhawb nqa TerraUSD (UST) peg rau lwm cov npib ruaj khov thiab tau tsiv mus rau peev ntawm cov hauv kev sib tw.

Daim ntawv tshaj tawm qhia txog yuav ua li cas cov neeg ua yeeb yam no thim UST cov nyiaj los ntawm Anchor raws tu qauv ntawm Terra. Cov nyiaj no tau txuas ntxiv los ntawm Terra mus rau Ethereum ua kev siv Wormhole infrastructure.

Cov nyiaj UST loj heev tom qab ntawd tau pauv nrog ntau cov npib ruaj khov hauv Curve lub pas dej ua kua dej. Nansen tau kwv yees tias thaum lub sij hawm depegging txheej txheem, qee lub hnab nyiaj uas tau txheeb xyuas tau siv qhov tsis sib xws ntawm cov nqi ntawm Curve nrog rau kev faib tawm thiab kev sib pauv hauv nruab nrab los ntawm kev yuav thiab muag txoj haujlwm hla kev sib pauv.

Nansen tsab ntawv ceeb toom refuted ib speculative narrative tias ib tus neeg tawm tsam lossis tus neeg nyiag ua haujlwm ua haujlwm kom tsis txhob muaj teeb meem UST.

Xya lub hnab nyiaj nruab nrab rau UST's depeg

Nansen's blockchain tsom xam tau txais ib txoj hauv kev hauv paus ntsiab lus uas txheeb xyuas cov ntaub ntawv cuam tshuam txog kev lag luam ntawm lub Tsib Hlis 7 thiab 11 - lub sij hawm uas UST poob nws $ 1 peg.

Lub tuam txhab tau tshuaj xyuas kev tshaj tawm xov xwm thiab lub rooj sib tham xov xwm kom txo qis lub sijhawm tshwj xeeb, qhia txog kev lag luam tseem ceeb ntawm Curve liquidity pools, uas coj mus rau nws txoj kev ntsuas peb-theem.

Theem ib koom nrog kev txheeb xyuas kev lag luam hauv thiab tawm ntawm Curve qiv raws tu qauv, uas tso cai rau Nansen sau cov npe ntawm cov hnab nyiaj uas nws cov dej num qhia txog qhov cuam tshuam loj rau UST depegging.

Theem ob yog qhov nyuaj me ntsis, raws li Nansen tau pom kev lag luam hla tus choj Wormhole uas yuav cuam tshuam rau qhov kev tshwm sim depeg. Lub tuam txhab tau tshuaj xyuas cov nyiaj tau los ntawm UST los ntawm Anchor raws tu qauv uas cuam tshuam nrog cov npe ntawm cov hnab nyiaj nqaim. Qhov no tau ua raws los ntawm kev tshawb fawb txog kev muag khoom ntawm UST thiab USDC ntawm kev sib pauv hauv nruab nrab.

Lub sijhawm kawg cuam tshuam nrog kev sib txuas ntawm cov pov thawj ntawm cov saw hlau los tsim cov lus piav qhia ntawm cov xwm txheej nyob ib puag ncig UST depeg. Ib daim ntawv teev npe ntawm xya lub hnab nyiaj tom qab ntawd tau hais txog qhov uas ntseeg tau tias yog lub hauv paus hauv Terra ecosystem vau.

Daim ntawv tshaj tawm Nansen muab qee qhov kev nkag siab zoo uas tau tsav los ntawm blockchain analytics. Lub hauv paus "vim li cas" tseem yog qhov tsis paub - nrog lub tuam txhab xaiv tsis txhob xav txog cov hom phiaj muaj peev xwm lossis kev txhawb siab tom qab xya qhov chaw nyob uas ua lub luag haujlwm tseem ceeb hauv kev ua rau depeg ntawm UST algorithmic stabilitycoin.