You are viewing a single comment's thread from:

RE: Devastating times for Luna holders with Luna and UST crashing to 0 becoming worthless!!

in Project HOPE3 years ago

Yes, your right, algorithmc stablecoins have to review and have management over crisis situations, Luna's decentralised algorithmic stable coin experiment fails...but that coin was very centralised because it depended on the swapping and balancing move LFG made...Luna Foundation Gaurd made...anyway...

Oh yes, Luna was a unique crash, because it was not exactly a shit coin for this to happen, so its a lot worst, because it had solid development team and community... so its hard to digest, atlest for Luna and UST holders who failed to exit!!