There’s no doubt the vast majority of readers know exactly what happened to Terra back in May. Whether you believe it was a deliberate attack or just a perfect storm of external conditions, UST depegged and the existing supply contraction mechanisms were not enough to fix the situation. This led to the large-scale and permanent depeg, sending both Luna and UST both to near-zero. This massive $35 billion dollar collapse further led to the continued declines in an already hurting crypto and glo...