A Token Economics Explanation for the De-Pegging of the Algorithmic Stablecoin: Analysis of the Case of Terra
The collapse of Terra's algorithmic stablecoin UST shocked the cryptocurrency market. This study investigates the underlying causes of the de-pegging event through an in- depth analysis of the token economics of the Terra blockchain. Using on-chain data, this study identifies a misalignment...
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| Format: | Article |
| Language: | English |
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University Library System, University of Pittsburgh
2023-04-01
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| Series: | Ledger |
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| Online Access: | https://ledger.pitt.edu/ojs/ledger/article/view/283 |