Cryptocurrency News

Vitalik: Terra should protect the smallholders, not the whales

05/16/2022

Less than a minute

2022.05.16 09:06

Vitalik: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) 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 which resulted in LUNA tanking 100% and the Terra USD (UST) stablecoin losing its USD peg (priced at $0.16 at time of writing).

05/16/2022

Less than a minute

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