Luna ushered in an average daily decline of about 90% last week, and it almost returned to zero overnight. Even exhaustion of all strength could not prevent UST from breaking the anchor. In this panic-stricken market, I try to write down my thoughts on algorithmic stablecoins - algorithmic stablecoins will become the most important financial cornerstone in the crypto world. 1 Why stablecoins are so important to the crypto world The world has been accustomed to being denominated in dollars for...