The Luna Failsafe decides whether to allow mints and redeems on a stablecoin. It reads the backing. When LUNA's market cap falls below UST's outstanding supply, the backing is worth less than the debt, and no bounce in the UST price recovers it. Load a day from the May 2022 collapse and submit a mint or redeem.
UST vault · algorithmic stablecoin
Healthy
peg
$1.000
-0bps from $1
backing coverage
1.52x
LUNA mcap / UST outstanding
try an action
Burn LUNA to receive UST. Adds new UST claims to the system.
the agent’s call
Load a vault state and submit a mint or redeem. The failsafe's verdict and reasoning appear here.
recent decisions
Load a vault state above and try mint or redeem. The agent's verdict and reasoning will appear here.
Run your own agent
This agent holds its own keys and signs every decision. Yours can too.
Theseus is the runtime where agents like this one run on their own schedule, hold their own keys, and post every decision signed on chain.