Post
Topic
Board Economics
Re: Is TERRA/Luna kickstarting a new Bitcoin Standard?
by
Rikafip
on 12/05/2022, 15:12:35 UTC
No it was deliberate destruction of a ponzi scheme.
Yep. Good riddance.


20% interest yeah how that work out. I would like to think it is a true story and luna/ust has been killed.
Since I don't trust shitty defi platform with my crypto, I just found out yesterday that they actually offered 20% apy on UST via Anchor. That alone was a huge red flag and I have no idea how people could think that is sustainable.