The 5 Biggest Lessons From Terra/Luna's Collapse, According to Tascha Che - Ep.354
Tascha Che, founder of Tascha Labs, unpacks the Terra/Luna debacle and reveals what she believes are the five main takeaways from its collapse. Here are some highlights from the show:
- how stablecoin issuers make money
- what caused Terra’s downfall
- why Tascha is bullish on algo stablecoins
- whether she believes undercollateralized stablecoins can work
- how fast market cap expansion without actual network effect equals death for stablecoins
- why she doesn’t believe a stablecoin’s network effects mean much for its success
- why small(er) stablecoins are better
- how blockchains mirror national economies
- which stablecoins is Tascha excited about
- how FRAX is a stablecoin that resembles fiat currencies
- whether the UST collapse will affect the stablecoin development and further regulation
- how cross-chain agreements would be helpful for the stability of the crypto ecosystem
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Episode Links
Tascha Che
- Twitter:
- Tascha Labs:
- Tascha’s thread on nonobvious lessons from the Terra fallout:
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