💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Opinion: Market feeding price + high collateral rate leads USDe to repeat the UST tragedy, LSD-type assets face the same problem.
BlockBeats news, on October 11, dForce founder Mindao posted on social media stating that this big dump is similar to the Luna crash in that both occurred when major trading platforms began accepting illegal fiat stablecoins as high LTV collateral, leading to risk penetration among trading platforms. Back then it was UST, today it is USDe, and the “stability” + high loan-to-value confused most people. When introducing illegal fiat stable assets as collateral, the worst combination is to use market price feeding while allowing high collateral ratios; combined with the fact that CEX itself does not have a fully open arbitrage environment, arbitrage efficiency is low, and risks are further amplified. LSD type assets face the same problem. These types of assets are essentially volatile assets disguised as “stability.”