(Un)Stablecoins and the Crypto Crash w/ Bennett Tomlin
Tech Won't Save Us
00:00
Terraform Laps
CNN's John Defterios says terraform laps was effectively subsidizing this interest rate. The company wanted to use the growth so that eventually, and more quickly, terra would be able to get to this point where it would become integrated with other payment companies," he said. But when they turned the yield to dynamic, "the entire system collapsed"
Play episode from 11:37
Transcript
