The popular basis trade has almost identical characteristics to Terra/Luna.
J Pow => Do Kwon
Fed/Treasury => Terra/Luna tokens
Dealers => 3 arrows, Celsius, BlocFi
Foreign sellers => 🦈 trying to take out the 3rd leg.
It’s called a currency war.
https://podcasts.apple.com/us/podcast/eurodollar-university/id1506469669?i=1000633991625