the TERRA/LUNA/UST collapse

Price of LUNA token over the past month — May 16 2022

Words can’t express how extreme the past week as has been (even for crypto standards) with the collapse of the “stablecoin” UST (or TerraUSD) and its twin token LUNA. Let’s dive in and learn some lessons. This week‘s reading time is above 2 minutes as further explanations are needed.

What are stablecoins?

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