Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral? - Ep.351

from  Unchained

May 13, 2022


Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work why Jon compares the Terra blockchain with VISA, LFG with the Fed, and Do Kwon with Jerome Powell how a previous $UST de-peg foreshadowed this week’s dystopian price action how a bitcoin short seemed to have kickstarted $UST’s depe...more

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