Vitalik: Terra should protect the smallholders, not the whales By Cointelegraph
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Vitalik: Terra should protect the smallholders, not the whalesco-founder Vitalik Buterin thinks that the beleaguered (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.
As widely reported, the Terra eco-system suffered a death spiral around May 9 which resulted in LUNA tanking 100% and the Terra USD (UST) stablecoin losing its USD peg (priced at $0.16 at time of writing).
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Vitalik: Terra should protect the smallholders, not the whalesco-founder Vitalik Buterin thinks that the beleaguered (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.
As widely reported, the Terra eco-system suffered a death spiral around May 9 which resulted in LUNA tanking 100% and the Terra USD (UST) stablecoin losing its USD peg (priced at $0.16 at time of writing).
Continue Reading on Coin Telegraph
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