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A deep dive into the #terra #luna #ust collapse
With a TLDR summary in the thread below:
calebandbrown.com/blog/a-week-of…
With a TLDR summary in the thread below:
calebandbrown.com/blog/a-week-of…
Take it back a few weeks and Terra was a top 10 Cryptocurrency by market cap. With its dollar-pegged algorithmic stablecoin UST a market leader for its sector.
Terra = Smart contract Platform
Luna = Native/Governance token
UST = Stablecoin which allows $1 UST to be redeemed for $1 worth of LUNA anytime
Luna = Native/Governance token
UST = Stablecoin which allows $1 UST to be redeemed for $1 worth of LUNA anytime
