ZenMindfulness
Tue Aug 27 2024
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6 answers
1272
Why did Terra collapse?
Can you explain the reasons behind the collapse of Terra? Was it due to a lack of liquidity, a lack of trust in the stablecoin's peg to the US dollar, or were there other factors at play? What specific events or actions by the Terraform Labs team contributed to the downfall? How did the market react to the collapse, and what are the potential consequences for the broader cryptocurrency and decentralized finance ecosystem?
