‘Everything broke’: Terra goes from DeFi darling to death spiral

May 12, 2022 12:11 PM

LONDON (BLOOMBERG) – A celebrated experiment that combined math and software to get a digital currency to behave like a dollar is crashing in dramatic fashion, posing the biggest test yet to decentralized finance and the will of its backers to defend it.

Source : https://www.straitstimes.com/business/companies-markets/everything-broke-terra-goes-from-defi-darling-to-death-spiral