79 Articles 2 Followers
15 May 2022 4 minute read 1 comment Patch
Do Kwon has put forth a proposal for a plan on how to proceed. In short, he proposes to try and save the Terra Community by launching a new token. Then reimbursing some of the older of the now basically worthless UST and LUNA tokens in this new Token...
15 May 2022 4 minute read 10 comments ssaurel
The Zimbabwean dollar could be considered as hard money against Terra Luna… A few days after the LUNA Sh*tcoin explosion, many are wondering if it’s time to buy LUNA today. I’ll tell you why many people are asking this question today. It’s all about...
15 May 2022 6 minute read 2 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
The dreaded "Death Spiral" struck Luna, causing her to drift. The protocol was attacked 5 days ago by manipulating the price of its stable algorithmic Ust, creating the depeg. This led to the infamous "Bank Run", ie the flight of capital (decrease in...
14 May 2022 3 minute read 14 comments Patch
On May 14th at 12:15 AM. Do Kwon, the founder, and CEO of Singapore-based Terraform Labs. The company behind the Stablecoin UST and the Token Luna. Both of who have had one of the worst crashes in crypto history over the last few days. Just in case y...
14 May 2022 1 minute read 0 comments Pasucaru
- Bitcoin dipped below $28k and ETH below $1900 before bouncing back from yearly lows. Top 100 Bitcoin Wallets Added 77,618 BTC ($2,420,000,000). - TERRA (LUNA) bankruptcy : UST is an algorithmic stablecoin, backed not by its LUNA token, but by deman...
14 May 2022 1 minute read 15 comments Steve Hodl
The collapse of Luna also means the end of the beloved Anchor Protocol. Anchor was the great Defi place where you could earn up to 19% on your "stable" coins. In the chart below you can see the huge run-up and popularity of the Anchor Protocol. sourc...
14 May 2022 1 minute read 0 comments cryotosensei
I think different people have different ways to grieve. If I portray LUNA and UST as flesh-and-blood individuals, this might give form to the grief some people are feeling and help them in their road to recovery. LUNA fell off the face of the earth,...
13 May 2022 3 minute read 1 comment Brennan
The Terra (LUNA/UST) blockchain project suffered what appears to be a coordinated attack this week, causing the UST stablecoin to lose its peg to the dollar, and the LUNA token to enter into a collapsing "death spiral" over the course of a couple of...
13 May 2022 1 minute read 5 comments Crypto JBro
I made this quick video about the UST and LUNA crash last night. It was a perfect storm that created this death spiral. What are your thoughts on this crash? Will it spread through more crypto ecosystems? Will more regulation come from this and w...
13 May 2022 3 minute read 0 comments ScreenTag
By now, you most probably have heard or read about the Terra (LUNA) - UST crash took place this week. In case you haven't, the depth of the collapse can be described in two sentences: If you had invested $1,000 on Terra a year ago, your investment up...
