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RE: Devastating times for Luna holders with Luna and UST crashing to 0 becoming worthless!!
This must be real hard time for luna holders UST fail to hold its $1 peg was a real problem which resulted to increase supply of UST with LUNA high pressure sell off the idea of algorithm decentralized back stable coin need to be reviewed with more strategic plans.
I hope all LUNA holder get strength to survive this market dump do stay positive.
Yes, your right, algorithmc stablecoins have to review and have management over crisis situations, Luna's decentralised algorithmic stable coin experiment fails...but that coin was very centralised because it depended on the swapping and balancing move LFG made...Luna Foundation Gaurd made...anyway...
Oh yes, Luna was a unique crash, because it was not exactly a shit coin for this to happen, so its a lot worst, because it had solid development team and community... so its hard to digest, atlest for Luna and UST holders who failed to exit!!