Darius Gheorghescu
Joined May 2022
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Stories (2/0)
Why Terra (Luna) and UST Coin Are Soaring Today
The founder of Terraform Labs has a plan to revive the broken blockchain. What happened Earlier this month, the Terra Blockchain (LUNA) virtually collapsed. The collapse began when the stablecoin TerraUSD (UST) lost its peg to the U.S. dollar and the built-in arbitrage mechanism failed to fix the problem. At that point, panicked investors began selling Luna and TerraUSD en masse.
By Darius Gheorghescu2 years ago in The Chain