How Does Terra Work?

yeah...about that

🎉🎉🎉 UStc

R.I.P.

rip

This didn't aged well

lol

RIP

Do kwon dog

How does Terra scam you

It doesn't.

my 20 usd will be WORTHLESS

No one can control it, that is right. UST become a shit

Did this video just describe a Ponzi scheme?

How 'DID" terra work how funny is this

How did anyone fall for this shit? 🤣

This great. Except it does not work.

Answer: Doesn't work. Next question?

That's the funny thing, it doesn't get scammed

Καλά πήγε αυτό... :P

this didn´t age well

somebody says something

Need to update this video

anything with complex financial engineering = fcking gonna implode one day.

BANG!!!

The key flaw in the system is that the amount of water in the yellow pool (Luna) needs to be greater than or equal to the amount of water in the blue pool (UST). The moment there is less water in the yellow pool than the blue pool, there isn't enough yellow water for everyone with blue water to convert it to yellow water. This is problematic, because as this video explains, the ability to convert blue water to yellow water is how the value of UST is kept at 1 US Dollar.

Additionally, the amount of water in the yellow pool is not fixed; it depends on how the market values the Luna cryptocurrency. On the 10th of May 2022, there was a flash-crash in the market, causing mass-selling of both UST and Luna. The selling of UST meant that some had to be converted to Luna to keep the price pegged at $1. But because Luna was experiencing its own extreme crash in price, one UST could not be converted into $1 worth of Luna, because there simply wasn't enough value in Luna.

So, what happened? There was more blue water than yellow water, and a UST was no longer worth 1 US Dollar. The only way to fix this would have been to quickly add value to Luna by buying it. This actually happened during a flash crash on the 23rd May 2021, when Terra labs stepped in and bought Luna to save the system. This time though, the crash was too large and too fast.

Hehe, cringe

Long story short, than RUGPULL

A beatiful explanantion... can it work yet? Thank you!

RIP Terra

It doesn’t!

100% losses 🩸

Update: it doesn’t

Anyone went here after the LUNA - UST fiasco?

Well, it doesnt.

People really need to stop panic selling their UST if they want to save the LUNA ecosystem 🤦

Terra Fucked up!
Billions of people lost their savings!

do kwon must be reported to the police because he has committed investment fraud with stablecoin staking mode

the pool is leaked

Where is the pool 😂😂😂

It doesn't work, there saved to 3 and a half minutes of your life, lol

This video hasn’t aged well…

Wonderfull, I see big potetnial .... oh no, anyway.

Reckt. Rickety reckt

this will be written in crypto's history book

RIP Luna

Doesn't work

HAhhAHahAHhHAhHAhAhHAhhahHAhaHAhAHhHAHAhHahAhAHHAHAHAhAhahAhHahaHAHhAhHahhhahahHAhahAHAhAHAH

RIP

Goodbye, the Earth and Sun had crashed

For sure it's quite special situation, but old stable coin with their big volume $usdt is better

SCAM