Photo by Mónica Ballester / Unsplash
The TerraLuna ecosystem crash this week was devastating to many crypto investors, from the small retail investors to the huge venture capitalists. No matter how smart you are, as long as you are active in financial markets, big losses from time to time are inevitable. Sometimes, one manages to escape a crash that engulfs people surrounding him. I was one of the luckier ones who got out of Anchor just in time. I am not writing this to gloat about my just-in-time escape from the TerraLuna crash, given the enormous pain suffered by so many investors. I am no better as I had my share of bad investments this year. Since I was heavily invested in UST and Anchor this year, I believe I am qualified to write an article and share some thoughts about this crash.
Many investors fell in love with Anchor because of the 19.5% yield with stablecoin...