UST Death Spiral: How Terra's Stablecoin Lost Its Peg
How the UST peg worked, why swapping UST for LUNA fed a death spiral, and what on-chain data from May 2022 shows about who lost the most.
#bank-run
1 articles
1 articles
How the UST peg worked, why swapping UST for LUNA fed a death spiral, and what on-chain data from May 2022 shows about who lost the most.