Terra stablecoin collapse: the simple versionmedium.com/efficient-frontier/terra-stablecoin-collapse-the-simple-version-c487e19f752c
87 sats \ 3 comments \ @New_oracle 13 May 2022 bitcoin freebie
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0 sats \ 1 reply \ @cryptocoin 13 May 2022
There's another post, here on SN, with a "more detailed version":
Luna Brothers, Inc. | Arthur Hayes #27930 https://cryptohayes.medium.com/luna-brothers-inc-712ec5abe199
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0 sats \ 0 replies \ @cryptocoin 13 May 2022
And, there's a video, posted here on SN, with much of the info shared in the article from this post, but also much more:
Stablecoins Are Unstable! #27950
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0 sats \ 0 replies \ @cryptocoin 13 May 2022
A second (and likely final) stoppage of the Terra blockchain occurred a few hours after this post was authored.
The Terra blockchain has officially halted at block 7607789.
Terra Validators have halted the network to come up with a plan to reconstitute it.
More updates to come.
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