This week in crypto: I declare bankruptcy!
We finally got an answer to the $22 million question [https://coinconfidential.com/terra-is-taking-over-crypto/]: is Terra’s ecosystem sustainable? And the answer is: Source: CoinGecko [https://www.coingecko.com/en/coins/terra-luna]That would be a no then. A week ago, Terra’s Luna tokens were trading for $80, today
Too big to fail? Terra is taking over crypto
Terra, Anchor and UST are reshaping the world of crypto… and providing a wealth of entertainment while they’re at it.
Anchor Protocol and the promise of a “sustainable” 20% yield on stablecoins
Is it impossible to maintain, a Ponzi, the work of the devil… or is it a map for the future of finance? Let’s find out