4min chapter

Odd Lots cover image

This Is How the Terra Stablecoin Actually Imploded

Odd Lots

CHAPTER

The Circuit Breakers Are Still the Defy Markets, Right?

Thersi menon: There's no natural circuit breaker on either on the upside or down. He says luna terra is uniquely bad in its reflexivity, but there are similarities with yield farming. ThersiMenon: I want to separate out the reflexivity from the garbage ness of it all.

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