Some quick info on Luna, TerraUSD (UST) and Coinbase. Terra is an ‘algorithmic stablecoin’ and Luna is in a way its partner. It’s imploded. I’ll try and keep it very short. Crypto’s Audacious Algorithmic Stablecoin Experiment Crumbles (Bloomberg) [A]lgorithmic stablecoins attempt to hold their value through a combination of instructions encoded in software programs and active treasury management. UST -- which functions in tandem with a related token, Luna -- is the most popular and controversial of these kinds of tokens.
Perspective on Risk - Quick Crypto Note
Perspective on Risk - Quick Crypto Note
Perspective on Risk - Quick Crypto Note
Some quick info on Luna, TerraUSD (UST) and Coinbase. Terra is an ‘algorithmic stablecoin’ and Luna is in a way its partner. It’s imploded. I’ll try and keep it very short. Crypto’s Audacious Algorithmic Stablecoin Experiment Crumbles (Bloomberg) [A]lgorithmic stablecoins attempt to hold their value through a combination of instructions encoded in software programs and active treasury management. UST -- which functions in tandem with a related token, Luna -- is the most popular and controversial of these kinds of tokens.