4 ms·
Terra was sus from the beginning. 20% APY in dollars was too good to be true. And when it started to crash most of us quickly converted everything away from i
by leidenfrost 4y ago
Terra was sus from the beginning.
20% APY in dollars was too good to be true.
And when it started to crash most of us quickly converted everything away from it. I lost a few bucks though.
But I had a friend who didn't know better back then who tried to apply the "HODL" meme and yes, he lost everything
- netrus 4y agoSo ... it was sus from the beginning, and you still had money in it? How does that compute? It totally collapsed, but not a big deal, because you were smarter than others, so they took the loss in a zero-sum game ("who gets to take the remaining liquidity")?
- roland35 4y agoI don't need to be diligently checking the news to see if Chase Bank or Fidelity is crashing 24/7!