Luna collapse simple explanation

in #leofinance • 2 years ago

Today I want to share one very simple explanation:

One of the big problems of Luna that led to its collapse was their Anchor platform that minted 20% of UST per year when you deposited it, so they were just minting quite a lot of new tokens from nothing with no economic basis

SORA doesn't have this problem ;)
For those who don’t know what I am speaking about I will create a post probably in the beginning of September..
Cheers guys,
LYUBO19

#crypto #luna #hive
2 years ago in #leofinance by
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     2 years ago  

    One of the big problems of Luna that led to its collapse was their Anchor platform that minted 20% of UST per year when you deposited it, so they were just minting quite a lot of new tokens from nothing with no economic basis

    Short, simpel and accurate! I love it!

    !BEER

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     2 years ago  

    View or trade BEER.


    Hey @lyubo19, here is a little bit of BEER from @xchng for you. Enjoy it!

    Do you want to win SOME BEER together with your friends and draw the BEERKING.

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       2 years ago  

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