...Who knows if what happened with LUNA encourages developers to improve algorithmic stablecoins for the better?
The first warning for the owners of algorithmic stablecoins was from the Waves blockchain and its USDN stablecoin. This was followed by the collapse of the UST stablecoin. And now we are witnessing another drama with the DEI stablecoin, the price of which has dropped to $0.86. And if the owners of other algorithmic stablecoins do not learn a lesson from what is happening, they will be next.