In 2018 two founders in Seoul set out to build a digital dollar. Four years later UST and its twin token $LUNA collapsed in three days and took $40 billion with them.
This is the full story in six and a half minutes: how the machine worked, the 20% yield that filled it, the three days in May 2022 that broke it, the man who ran, and the one question to ask before you trust the next "stable" yield.
What's the highest yield you've been offered that turned out to be too good to be true?
Education only, not investment advice.
This is the full story in six and a half minutes: how the machine worked, the 20% yield that filled it, the three days in May 2022 that broke it, the man who ran, and the one question to ask before you trust the next "stable" yield.
What's the highest yield you've been offered that turned out to be too good to be true?
Education only, not investment advice.