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ConstitutionDAO: The failed project that shook the crypto world

ConstitutionDAO: The failed project that shook the crypto world

ConstitutionDAO is a true underdog story that gave the world an idea of what DAOs, a new form of blockchain-based community, can accomplish in the future.   For those not familiar with the saga, here’s what happened.  What is ConstitutionDAO? ConstitutionDAO was launched on November 11 by a group of crypto enthusiasts as an attempt to […]

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

Prominent investor speculates why Terra’s algo-stablecoin (UST) triumphed over Synthetix (sUSD)

As the market capitalization of Terra’s algorithmic stablecoin that tracks the value of the US dollar topped $8.5 billion–investors speculate what is driving the adoption and how exactly did UST manage to leave the competition lagging so far behind? While fueling the DeFi market, the decentralized stablecoin sector continues to rapidly grow.