2min chapter

Modern Finance cover image

Terra - Decentralized Stablecoins and The Power of Community with Do Kwon

Modern Finance

CHAPTER

Traders

In order to mince one us. D, you need to burn a dollar's worth of luna. And viceversa. So basically, through this redemption mechanism, it's as if luna find its value by how widely adopted terra stable points are. When there's economic contractions and there's harosity becoming absorbed by the system, ne luna gets minted and its value falls. It's flippedi had kno, i haven't followed that closely. You know, i was falling maker an end of the dow and the die early on, and i didn't know it. I flipp though. That's crazy. Where did all this come from? Sa

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode