Buterin: Terra should protect the smallholders, not the whales

2022.05.17 09:31

Buterin: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra project should prioritize small hodlers as part of any proposed reimbursement plan.

As widely reported, the Terra eco-system suffered a death spiral around May 9 that resulted in LUNA tanking 100% and the TerraUSD (UST) stablecoin losing its United States dollar peg, priced at $0.16 at time of writing.

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