It seems that the LUNA event will be talked about for a long time. Looking back on those days, some warnings are justified. It’s almost as if Gabriel Garcia Marquez’s “Red Monday” is taking place. It turns out the founder of MakerDAO, a decentralized organization that also has its own algorithmic stablecoin, warned that UST would go to zero because it’s a solid Ponzi.
The collapse of LUNA never goes off the agenda
It has become a well-known and much-discussed phenomenon that TerraForm Labs ecosystem tokens, including TerraUSD (UST) and LUNA, have suffered one of the most devastating declines since the inception of the cryptocurrency market.
cryptocoin.com As you can follow in the news, LUNA followed its stablecoin and fell almost to zero after the UST lost its anchor against the US Dollar. This collapse had a major impact on token investors. While many cryptocurrency experts warned of the imminent collapse of Terra token, many investors ignored those warnings when paying the price.
As expected from Christensen’s post, Do Kwon, co-founder and CEO of TerraForm Labs came to defend his project UST and replied in a stern and sarcastic tone “I thought you were already dead”:
In the meantime, it should be noted that both MIM and UST share a common trait that offers the crypto community an opportunity to earn passive income by investing in the project.
Kevin Zhou again warns UST investors
Last week, Galois Capital’s Kevin Zhou, who warned people to avoid investing in Terra, explained that UST collapsed due to the high return on investment paid to investors in Terra’s Anchor Yield program.
Zhou says the Terra team couldn’t pay interest because investors earned around 20% by investing their funds in the Anchor Protocol as more people invested in the project. Zhou, who also refers to the Terra scheme as Ponzi, notes that investors are being siphoned off by the Terra team.
Contact us to be informed immediately about the latest developments. chirp‘in, Facebookin and Instagramfollow and telegram and youtube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Because of this, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset, or service discussed in this article.
Warning: Citation of Kriptokoin.com news content and citation by providing a link is subject to Kriptokoin.com’s permission. No content of the website may be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and any other content of Kriptokoin.com in violation of intellectual property law and relevant laws.
#Months #knew #Terra #LUNA
No comments:
Post a Comment