Terra-UST Saga — How to repair the trust when there is no trust built on

Life is with surprises 🤯. For one month, you can be on the moonshot 🚀🌕 and for another month, you are bankrupt completely 💸❤️‍🔥.

Some may say this is the nature of the crypto space, but it does not have to be this way 🤢!

In the past, when crypto projects cratered, the community dissolved, and creators abandoned the project entirely 🏃.

This time is different, the crypto market has matured, and founders are encouraged to reveal true identities.

However, there is no exit plan and crisis management in the crypto space to protect the community if the crypto is genuinely community-centric.

From moonshot potential 🤴 to lunatic🤡, here is how Terra goes from the Defi future into shitcoin:

⏳ History of Terra

After the payment technology boomed, Terra was created with a vision of the mass adoption of cryptocurrencies that could provide a price-stable against the world’s major fiat currencies.

Terra operates under a consensus mechanism of delegated Proof of Stake with 100 validator…