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vwu.eth Profile picture
vwu.eth
@vwucrypto
Down the #crypto rabbithole
May 11, 2022 • 21 tweets • 15 min read
Real world analogy of what happened to #LUNA...

1/ Once upon a time, someone came along, let's call him Do.. and he said "Let me start a new country". I shall call it #TERRA because my country will have digital land

And he did. 2/ But like any country, Do needed a currency. Since the whole world (off chain) used USD, he said. Let me make my own currency, #UST. It will be worth 1:1 to USD and therefore he pegged to this currency and #UST was born