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May 12

Unable to anchor the moonlight: Terra's origin, predicament, deduction, and way out

Original Article: https://mirror.xyz/0x17f3F81860345567482E1D232FB5B6f8bD77f3Bd/TdDc9vKNSOA6zUJTNruq9o6F5R0KEzxVLlwedIVdWxE Translation: Wolfe from BEAM Community Proofreading: Daisy from BEAM Community LUNA soared like a skyrocket and it collapsed all in a sudden. In fact, the question of $Luna is only about one word: "liquidity". As a fluctuating asset with insufficient liquidity, Luna can mint UST at a 1:1 equivalent value, and obtain the fiat currency liquidity that only stable currency c...

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