Twitter user Paul Bryant wrote: “I don’t believe for one nanosecond that Mark Cuban was caught unawares by the TITAN rug pull. Some people do not believe Cuban’s story, however. “To be able to call itself a stable coin? Where collateralization is not 1 to 1, should the math of the risks have to be clearly defined for all users and approved before release? Probably given stable coins most likely need to get to hundreds of millions or more in value in order to be useful, they should have to register.” currency for every dollar or define acceptable collateralization options, like U.S. There should be regulation to define what a stablecoin is and what collateralization is acceptable. Turning to regulation, he suggested, “if you are looking for a lesson learned, the real question is the regulatory one,” emphasizing: Even though I got rugged on this, it’s really on me for being lazy.” “In any new industry, there are risks I take on with the goal of not just trying to make money but also to learn. “But in a larger context it is no different than the risks I take angel investing,” he noted. But it was enough that I wasn’t happy about it. As a percentage of my crypto portfolio it was small. Then got back in when the TVL start to rise back up. In his letter to Bloomberg Thursday, Cuban talked about his experience with TITAN. 25 of the transaction volume for swaps between these two tokens.” “I provide 2 different tokens (DAI/TITAN) that enable Quikswap to offer swaps between these two tokens … my return on my initial $75k investment (based on fees only) as of this writing, is an annualized return of about 206% … in exchange for providing the liquidity both TITAN and Quickswap need for their businesses, I get. In the blog post, the Shark Tank star explained that he was a small liquidity provider (LP) for Quickswap. Some say that the Iron Finance token became popular because of Cuban. He wrote a blog post on June 13 touting the potential of defi innovation and TITAN. The billionaire investor has been fascinated by defi for quite some time. Crazy part is I got out, thought they were increasing their TVL enough. Responding to a tweet asking whether he “rugged” or “got rugged” on Iron Finance’s token, Cuban wrote: “I got hit like everyone else. Iron Finance called the collapse of its iron titanium token (TITAN) “the world’s first large-scale crypto bank run.” The price of the token is $0.000000029585 at the time of writing. The billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, invested in a token that crashed from about $64 to near zero Wednesday. Adidas Reveals the Originals NFT Collection With Punks Comics, Gmoney, Bored Apes Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token

The company is planning on somehow reimbursing holders.1.5. All together, the TITAN crypto has lost over $1.75 billion in total value locked on Polygon.He denies that he was the whale in question, saying he “got hit like everybody else.” Cuban is taking to Twitter today to address some of the many questions about the fall of TITAN.This is, as Iron Finance investor Fred Schebesta is calling it, “the worst thing that could possibly happen considering their tokenomics.” It should be made clear that this does not seem to be a rug-pull scam.The IRON stablecoin is also being thrown far from its peg, with values crashing from $1 to 69 cents. Panic sales continued, excess tokens poured in, and prices tanked from $60 to where they stand now, at near-zero levels. The domino effect of this sale is profound excess TITAN tokens began hitting the market, which caused TITAN prices to drop off.As soon as whales started off-loading their TITAN, others began to panic sell. Whales - large holders of TITAN - saw this price gapping as enough of a reason to cash out.The plunge took place after TITAN reached $65, before retreating to $60.However, having many layers and players just seems to complicate things. The tokenomics behind this project are obviously quite robust.When somebody buys TITAN with DAI, Cuban nets 100% of the transaction profits. Essentially, Cuban provides TITAN and DAI (CCC: DAI-USD) - another stablecoin - on the platform. Mark Cuban was one of these liquidity providers, staking his TITAN on the exchange QuickSwap.This staking allows liquidity providers to yield profits off of transactions, and ensure that there is liquidity for other investors looking to buy TITAN. Developers distribute TITAN to liquidity providers to stake in various liquidity pools.

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