: A legal and financial analysis of the algorithmic failure.
: In early May 2022, UST lost its 1:1 peg with the US dollar. Because LUNA was designed to absorb UST's volatility, a "death spiral" occurred where hyperinflation of the LUNA supply caused its price to drop to near zero. Lunas-fall-from-grace.zip
The collapse of Terra (LUNA) and its algorithmic stablecoin, TerraUSD (UST), is considered one of the largest failures in cryptocurrency history. : A legal and financial analysis of the algorithmic failure