Category: TerraUSD

The cryptocurrency guide for the perplexed: The strange death and resurrection of Terra (LUNA)

You really have to wonder at the audacity of some of these cryptocurrency types, don’t you? It’s not even two weeks after LUNA collapsed, forcing UST to depeg from the dollar, and the whole algorithmic stablecoin project to come crashing to the ground. Now Do Kwon, the man behind the Terra blockchain, has rolled out… Read More »The cryptocurrency guide for the perplexed: The strange death and resurrection of Terra (LUNA)

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A view to a death spiral: the LUNA and TerraUSD story

By now you’re probably well aware that Terra (LUNA) and its attendant algorithmic stablecoin TerraUSD are dead in the water. LUNA’s blockchain has been halted directly with its price propped up a little above zero by people who haven’t gotten the memo, and TerraUSD is now trading at $0.12, having depegged from the US dollar… Read More »A view to a death spiral: the LUNA and TerraUSD story

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The cryptocurrency guide for the perplexed: DAI

DAI is a stablecoin running on top of the ethereum blockchain pegged to the United States dollar. It keeps its peg through a system of smart contracts and the participants who are incentivized to perform maintenance and governance functions. It’s maintainers are a decentralized autonomous organization (DAO) called MakerDAO, and they’re probably even more interesting… Read More »The cryptocurrency guide for the perplexed: DAI

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The cryptocurrency guide for the perplexed: Terra and TerraUSD

The truth about most stablecoins is that the organizations behind them are rarely stable. That’s not to say the asset doesn’t somehow don’t hover around their associated price point, but that the organizations behind them are subject to instabilities that could otherwise compromise their stability. Consider Tether. It’s governance structure and its claims to be… Read More »The cryptocurrency guide for the perplexed: Terra and TerraUSD

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