Down Infinite: Inside Terra's Collapse (Community Cut)

Terra founder Do Kwon discusses LUNA 2.0, using LFG's reserves to compensate holders of UST, his role in Basis Cash, and his hesitance to think about blame beyond himself.

August 19, 2022

For the first time since the crash of his empire three months ago, Do Kwon, the founder of Terraform Labs and creator of the Terra blockchain, has agreed to sit down to tell his side of the story to Coinage on the record.

Our host lost money in Terra. And Terraform Labs was an investor in this show’s parent company. So, yeah, to put it lightly many of us have been trying to get all kinds of answers for months now. Because Terra failed. There’s no getting around that.

In an extended Coinage Episode 0 Community Cut, Do Kwon discuses everything from LUNA 2.0, to his role in failed stablecoin Basis Cash, what the Luna Foundation Guard plans to do with its remaining reserves, and why he's stopped short of digging too far into what took UST down.


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