May 11 2022, 04:36 PM
QUOTE(ntchong @ May 11 2022, 03:35 PM)
Crypto market will still continue to fall. It's still over-valued. Don't give up on algorithmic coins, the concept is brilliant. This UST most likely got people goreng. If only they pegged UST to more than 1 crypto then at least not so volatile.
BTW, UST now is at USD0.35
This is a fair point. It may be a bloodbath right now and things are not gonna recover any time soon, but the lesson learnt from this incident will be invaluable to future stablecoin development. And again, the DYOR adage is very much in effect all through out this fiascoBTW, UST now is at USD0.35
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