Why Are There Two Terra Chains and Two Tokens, LUNC and LUNA? It all goes back to Terra’s (@terra_money) collapse in May 2022, when its algorithmic stablecoin TerraUSD ($UST) lost its dollar peg. The collapse triggered a death spiral. As UST struggled to recover, the protocol | News | MoonHub
Why Are There Two Terra Chains and Two Tokens, LUNC and LUNA? It all goes back to Terra’s (@terra_money) collapse in May 2022, when its algorithmic stablecoin TerraUSD ($UST) lost its dollar peg. The collapse triggered a death spiral. As UST struggled to recover, the protocol
