This episode is sponsored by Nexo.io, NEAR and FTX US.
For those interested, here is the famous phrase referenced in the title: https://en.wikipedia.org/wiki/Apr%C3%A8s_moi,_le_d%C3%A9luge
Today, NLW follows up Tuesday’s primer on the UST-LUNA story with a look at the dramatic events of this morning. UST’s peg has continued to fall, with LUNA following. At their lowest points, UST was trading at 27 cents and LUNA hit 83 cents. The podcast covers the community’s reaction to the Terra fall, and what’s likely to happen next.
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NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.
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Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Bruce Rolff/Stocktrek Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.