No, exposure is not the realized losses, this was just total value at risk when the withdrawals froze. What actually hit depositors was smaller and varied by curator: MEV vaults socialized haircuts, TelosC chose to work the debt down instead of force-liquidating, Elixir redeemed ~80% of deUSD before winding down, etc

I've briefly looked at peaq and geodnet, but haven't done alot of research there. could do a follow up to this with some of those projects!

Could go really good or really bad, lmao

There could be many reasons, like the ones I mentioned, that the premium exists, but we’ll never know the exact psychology or the “why” behind people’s decision to keep paying it. They must simply believe that BTC will continue to appreciate and MSTR will continue to raise cash and own more BTC.

As the saying goes, the market can remain irrational longer than you can stay solvent.