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RE: Ask Leo: What Have You Personally Learned From Terra LUNA/UST Collapse?

in LeoFinance • 3 years ago

Trust makes us do stupid things with our money sometimes. Even when I started to learn some worrisome things about UST, I didn't move some of those funds elsewhere (like in HBD), for several reasons:

  • greed (better yield on the LPs)
  • lack of alternative stablecoin in the Cosmos ecosystem
  • inconvenience of moving the funds (14 days unbonding + bridging them via probably more than one blockchain)

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3 years ago in LeoFinance by
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     3 years ago  

    Thanks for this... I think it is what makes crypto and life interesting. We always have to trust something or someone.

    Anyway, We learnt alot from LUNA, even if we had to pay for the lessons.

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       3 years ago  

      Anyway, We learnt alot from LUNA, even if we had to pay for the lessons.

      Yes, we did. Hopefully, we will apply what we learned in the future.

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