I was told it was “risk-free.” A 20% return per year on a stablecoin, UST, backed by the Terra (LUNA) ecosystem. On paper, everything looked perfect, endorsed by the biggest names in the industry.
Then, on May 8, 2022, the unthinkable happened.
The stablecoin lost its peg to the dollar. In just two days, I watched the LUNA token go from over $80 to a few cents—before collapsing to zero. Thousands of investors around the world lost a lifetime’s savings in the blink of an eye.
That day, I didn’t just see a project collapse: I understood the brutal reality of financial markets.
Here are the 3 fundamental lessons this event has forever rooted in me:
There is no “100% secured” return. If a protocol promises you high interest with no apparent risk, it’s because the risk is hidden where you’re not looking.
Diversification is not an option. Never put all your capital—nor even a majority—into a single ecosystem, no matter how solid it seems.
Understand what you own. Investing in crypto requires understanding the underlying mechanism. If you don’t know where the returns come from, then you are the return.
Today, this event remains a constant reminder: risk management and caution will always come before the pursuit of quick gains.
Have you lived through the Terra (LUNA) crash in 2022, or which crypto event taught you the biggest lesson?
Leave a like ❤️ if you think capital security must always come before returns!
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