Cryptocurrency
My experience with Anchor protocol and thoughts about the TerraLuna ecosystem crash
By Market Observer  •  May 15, 2022
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...
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By Market Observer
I have more than 15 years of navigating stock markets. Did the markets make me rich? I humbly admit I have rich experience in losing money but managed to earn back enough to not be stressed out over money today.
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