Terra

23 / In episode 23, we discuss Terra, an algorithmic stable coin, and how it could drop 30%. We also talk about multiple slurps on a Bored Ape, Larva Labs and OpenSea. Join us for a deep dive into the world of algorithmic stable coins and the art world of NFTs.

Timeline

00:00 Intro

00:45 How do algorithmic stablecoins work?

01:03 What's wrong with this chart?

01:15 What is a good name for this chart?

01:23 What are you looking for in a stable coin?

03:09 How to implement an algorithmic stable coin

09:36 How does slippage work?

14:25 Who would participate?

14:26 Apes slurp juice, copyright, CCO

18:42 We value all artistic expression

Participants

Episode notes

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Terra algorithmic stable coin, how could it possibly drop 30%?
- https://www.coingecko.com/en/coins/terra-usd
- https://www.bloomberg.com/opinion/articles/2022-05-10/another-algorithmic-stablecoin-isn-t
- Unicode ┓ ↴
Multiple slurps on a Bored Ape @2urn
Larva Labs / V1 / OpenSea