
Terra - Decentralized Stablecoins and The Power of Community with Do Kwon
Modern Finance
00:00
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
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