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The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che
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The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che

Unchained, 2022


Editorial Rating

8

Qualities

  • Overview
  • Hot Topic
  • Insider's Take

Recommendation

In May 2022, investors in the Terra crypto ecosystem experienced a stunning destruction of value: The platform’s stablecoin UST, designed to hold a price of $1, plunged significantly below that mark, and Terra’s cryptocurrency Luna crashed to near zero. For investors, the unraveling revealed that certain stablecoins may not always provide a safety net. In this Unchained podcast episode hosted by journalist Laura Shin, crypto expert Tascha Che assesses the Terra debacle and draws five lessons for investors, who will find some important insights in this timely discussion.

Take-Aways

  • The collapse of Terra’s Luna and UST exposed the problem with stablecoins.
  • The Terra debacle offers crypto investors five critical lessons.
  • The cryptocurrency market needs smart governance and industry guidelines.

About the Speakers

Laura Shin is the host of the podcast Unchained and the author of The Cryptopians. Tasha Che is a macroeconomist and the founder of Tascha Labs.


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