spiral” began when drops in LUNA triggered foreclosures on UST loans on Anchor. UST LUNA This has happened before BitUSD - 2018 https://www.theblockcrypto.com/tiny/bitusd-hasnt-had-its-1-peg-for-more-than
(2018) and Christoffersen and Simutin (2017) show that U.S. mutual fund managers do indeed tilt their portfolios toward riskier stocks, and their increased risk-taking is related to the returns to the