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 | First of all, I'm not advocating for buying LUNC at all. To each their own, I'm not here to judge. But this might be helpful for LUNAtics who would buy it anyway. So, Hotbit, right now nad all of yesterday. The catch – LUNC and LUNA wthdrawals are suspended for not specified time. HotBit recently got involved in a lawsuit (they're ok, it was their former employee who got investigated) and shut down for about a month. Now they resumed trading, but some withdrawals are unavailable. Here's the announcement regarding LUNC: " About the withdrawal function of OSMO-LUNC is closed: Becasue the cross-chain bridge of Terra haven't been opened,and lots of users deposit OSMO-LUNC to their Hotbit account, but withdraw TERRA-LUNC, so the cross-chain bridge is significant for us. We need to wait till the cross-chain bridge is resumed,then we can exchange OSMO-LUNC to TERRA-LUNC for users.That is why the withdrawal function of TERRA-LUNC is closed on Hotbit." So, you won't be able to arbitrage, but if you were going to buy and hold LUNC for whatever reason – you might use this 40% discount or don't, I don't care. There is no guarantee that the Hotbit price will reach the market price sooner than the market price drops below the Hotbit price. obv [link] [comments] |
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