Argo was in a position to promote its UST positions at 93 cents per token earlier than the worth totally collapsed, in accordance with Wall. Most not too long ago, UST was nonetheless buying and selling round 10 cents in accordance with CoinDesk’s price index. “Wanting again [selling at that level] was an excellent transfer given final time I checked it was buying and selling round 12 cents,” Wall mentioned in the course of the name. “General, on a web foundation, within the Terra ecosystem, we almost broke even on our positions, after bearing in mind the yield that we generated by our holdings,” he added.
