【Youtube紹介】UST’s Collapse & the Industry Impact


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In this video, we cover:
-What is an algorithmic stablecoin?
-The UST-LUNA collapse and why crypto prices are plummeting
-How the current bear market is a result of broader market pullbacks
-On-chain evidence shows exploit of the vulnerabilities implicit with algorithmic stablecoins
-The “bank run” was largely limited to the stablecoin world


Using Chainalysis Storyline, we visualize the smart contracts that led to the collapse of UST and the broader crypto market pullback.

This collapse happened in three stages: The first was when two traders broke UST’s peg. After that, Terraform Labs and three supporters repaired it by purchasing $2B UST. Finally, the continued sell-off drained those funds, hyper-inflated UST’s sister token LUNA, and crashed the price of both LUNA and UST.

We discuss why UST’s collapse may pose a threat to consumer confidence in the short term and serve as a legislative catalyst in the long term, it’s unlikely to stop the growth of responsible innovation.

Read more: https://blog.chainalysis.com/reports/how-terrausd-collapsed/


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