THE LEGEND DO KWON
started with one of the boldest ideas in crypto.
build a decentralized stablecoin without banks.
just code, incentives and markets.
that idea became Terra.
$UST grew into one of the largest stablecoins.
$LUNA became a top crypto asset.
billions poured into the ecosystem.
for a while, it looked unstoppable.
then confidence disappeared.
UST lost its peg.
LUNA entered a death spiral.
over $40B in value was wiped out within days.
one of the biggest collapses crypto has ever seen.
but that wasn't the end of Terra.
today, the chain lives on as Terra Phoenix.
the focus has shifted from algorithmic stablecoins to building a sustainable DeFi ecosystem.
developers kept building.
users kept showing up.
protocols like Astroport, Creda Finance, Eris Protocol, SolidCapa, Votion, DAO DAO and others continue expanding the ecosystem.
the story of Terra isn't only about its collapse.
it's also about a community that refused to let the chain die.
๐๐ CoinCat Christmas Gift #Giveaway! ๐๐
๐ Campaign Period
December 19 โ December 26
This is CoinCatโs Christmas thank-you to our community ๐
๐ This Christmas, CoinCat is giving you a one-level upgrade.
A little surprise to say thank you for being part of our journey.
#MerryChristmas to all our members enjoy the gifts ๐โจ
#CoinCat Team๐ฑ
๐ CoinCat Online Sharing Session ๐ธFull House Again!
Thank you all for the amazing support!
Our CoinCat online sharing session was once again completely full ๐ฅ
For those who couldnโt get in, donโt worry
๐ Join us in the Zoom meeting on December 26.
More learning, more sharing, more opportunities ahead.
See you at #CoinCat! ๐ผโจ
#Edufi #Learnearnbeseen
@lurkaroundfind @SumoLuna @terra_money@astroport_fi It really depend on the development and growth of Terra 2.0 now, if not this kind of inflation rate may kill LUNA eventually