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Home > Unchained > Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too - Ep.339
Podcast: Unchained
Episode:

Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too - Ep.339
Category: Society & Culture
Duration: 00:44:30
Publish Date: 2022-04-08 10:00:00
Description:

Kevin Zhou, co-founder of Galois Capital, discusses a crazy week in the world of algorithmic stablecoins that saw USDN de-peg from the dollar and Terra unveil plans to create a new liquidity pool on Curve to strengthen UST. Show highlights:

  • how USDN and Waves works
  • what made USD de-peg
  • why Kevin thinks algorithmic stablecoins fail so often
  • what Kevin thinks about backing UST with BTC
  • how 4pool works in the context of Curve Finance, 3pool, UST, Frax Finance, and Redacted Cartel
  • why Kevin believes Anchor is the reason UST could de-peg
  • what might happen to Terra and the crypto market writ large if UST were to de-peg
  • why lowering yields on Anchor could depress LUNA’s price by 8x
  • how UST and LUNA redemptions work

Thank you to our sponsors!

Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021    

Coinchange: https://coinchange.io   

OnJuno: https://onjuno.com/ 

Galaxis: https://galaxis.xyz/

Episode Links

 

Kevin Zhou

 

UST

  • Proposal

USDN

 

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