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The Fall Of LUNA And De-peg Of UST
James and Shanif go over the de-pegging of UST and the subsequent downfall of LUNA. The unusual mechanism by which UST was pegged to the dollar, combined with the way it was tightly linked to LUNA, previously the 8th largest cryptocurrency by market cap, led to a massive crash in both.
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By Shanif Dhanani and James Uzzalino
5
22 ratings
James and Shanif go over the de-pegging of UST and the subsequent downfall of LUNA. The unusual mechanism by which UST was pegged to the dollar, combined with the way it was tightly linked to LUNA, previously the 8th largest cryptocurrency by market cap, led to a massive crash in both.