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Algorithmic stablecoin:
@anchor_protocol - savings
@mirror_protocol - investments
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Terra - currency
17 May 2022 4 minute read 7 comments Mike Ermolaev
Terra Luna's UST crash will likely lead to stablecoin regulations The extent to which LFG reserves were sold to boost UST cannot be determined It is not a catastrophe for the industry Investors were flummoxed by the sharp fall in Bitcoin's value...
17 May 2022 3 minute read 2 comments belemo
The situation with Terra is going to be a long and protracted fight for survival. Considering how bad things are, you'd think that the project would have moved on by now but they haven't. Looking at it on the surface, I guess we could give them plau...
17 May 2022 7 minute read 5 comments I-HODL
Regulators around the world are evaluating the aftermath of Terra's UST/LUNA and weighing in with renewed calls for greater supervision. And even as at least one South Korean politician calls for a hearing on the crisis, Terra creator, Do Kwon, is ba...
17 May 2022 1 minute read 0 comments DailyCoin
Visit DailyCoin for more articles Millions of crypto investors have been left aggrieved following the crash of TerraUSD (UST) and Terra (LUNA) last week. In the wake of the tragic event, the home of Terraform’s CEO, Do Kwon, was invaded by an un...
17 May 2022 2 minute read 2 comments Patch
In a series of 11 tweets posted yesterday the Luna Foundation Guard (LFG), disclosed how they used the massive reserve, that was at their disposal. In an attempt to save the UST. Let us take a look at what was done. What was at their disposal In the...
17 May 2022 1 minute read 1 comment DailyCoin
Visit DailyCoin for more articles Terra has officially suspended block production as of 21:58 EST on Thursday, May 12th. Prior to the decision, Terra had managed to restart the blockchain network at 13:45 EST on Thursday afternoon, but the reviva...
17 May 2022 3 minute read 10 comments Steve Hodl
Investing in crypto is VERY high risk. It is a new and not fully proven technology in many areas plus there are many scammers around every corner. To make things more challenging, we are now entering a new bear market. Last week we saw the implosion...
17 May 2022 2 minute read 6 comments idiosyncratic
As you may remember, the Luna Foundation declared that they added AVAX to their reserves of UST stablecoin. Luna Foundation added $100M worth of AVAX besides BTC, ETH, LUNA, BNB, and other top coins in the market. When the peg was broken, the Luna F...
17 May 2022 4 minute read 3 comments Crypto Dive
The main reason algorithmic stable coin UST failed was that the foundation behind the Terra system project got “greedy” and allowed way more debt than they could sustain, making the Terra system vulnerable to an attack and panic sell. Let me explain...
16 May 2022 3 minute read 0 comments Cje95
Last week was a terrible week for the crypto market as a whole. Not only were assets down across the board but one of the few coins and blockchains that had bucked the downtrend of this year completely imploded. Terra Luna's implosion was a huge blow...
