‼️LUNA and UST crash took crypto by storm last week. 😱UST was attacked by a malicious actor not as a hack but as pure market manipulation. There are several theories but most agree that the attacked included borrowing UST in order to crash its price and repay it back at a much lower price. Without getting into too many details, the price of UST dropped to under 14 cents.⚠️ The price of LUNA dropped to $0.000008298171 (not a typo) after a one-time-high of $119. Why? How did it go so badly so quickly? 👇

🧐What if it was a real DAO?

Would the holders approve such a heavily incentivized (aka, not sustainable) staking on Anchor? Would they see the danger of pulling liquidity from Curve without having it elsewhere?

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