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Even if that part were a Ponzi, it wasn't related to the core problem with the stablecoin peg algorithm, which was what actually brought Terra down, and which c
by SilasX 4y ago
Even if that part were a Ponzi, it wasn't related to the core problem with the stablecoin peg algorithm, which was what actually brought Terra down, and which could/would have been targeted regardless of this high yield staking program.
- unmole 4y agoI'd imagine the Ponzi part is what drove the demand for Terra in the first place. Why else would you buy it instead of USDT or USDC?