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:
https://twitter.com/TaschaLabs
Tascha Labs:
https://taschalabs.com/
Tascha’s thread on nonobvious lessons from the Terra fallout:
https://twitter.com/TaschaLabs/status/1526276308119932928?s=20&t=SCxfocBJoQqTEvCHadjYxA
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