3/ Terra-UST Collapse (2022)


UST promised a "stable" 1:1 USD peg with 20% APY on Anchor Protocol. When whales pulled out, panic selling drove UST down to $0.10 and LUNA supply exploded from 350M → 6.5T.
Losses: $40B+.
Lesson: If yields look too good to be true — they are.
LUNA-2.05%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BlockchainTherapistvip
· 08-20 16:12
Greed kills.
View OriginalReply0
BearMarketBardvip
· 08-20 03:57
It's a mess, brother.
View OriginalReply0
ChainMelonWatchervip
· 08-20 03:55
The plate will eventually break.
View OriginalReply0
degenonymousvip
· 08-20 03:43
It's a good lesson!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)