1min snip

Odd Lots cover image

This Is How the Terra Stablecoin Actually Imploded

Odd Lots

NOTE

Where Do the Yields Come From?

Riot: Could you give us a little bit more detail on that arbitrage mechanism between terra and luna? Like walk us through exactly how it works. And then secondly, you mentioned a hand, kind of turning the crank. My understanding here is that yields on offer from terra slash luna were exceptionally high, i think, something like 19 or 20%. Riot: That's exactly the hand crank in this perpetual motion machine that makes it not perpetual.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode