Weekly Roundup 05/20/22 (Terra aftershocks, El Salvador’s Bitcoin summit, Tether's redemption crisis) (EP.320)
On The Brink with Castle Island
The Us T Was Not a Panse
At peak, the nominal valley was like 13 billion. The actual money lost was probably in the single digit billions. I think we're almost lucky that this thing blew up when it did. Could give it another couple of months, and, you know, like, god only knows how many financial products would have built on top of this thing. It was the largest lending defi protocol by a by deposits, in all of crypto. anchor was the number one.
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