Reporting on Terra
Notice: This webinar has been cancelled. Registrants were notified via email on May 9 about this cancellation. Thanks for your interest.
Terra is one of the most dynamic and interesting protocols in the decentralized finance space.
While there have been significant questions surrounding the makeup of some stablecoin’s reserves, Terra is transparent as to what backs its decentralized stablecoins (the most popular is TerraUSD)... Bitcoin.
Behind the scenes there’s a complicated leviathan keeping TerraUSD pegged to the USD involving another coin called LUNA, arbitrage plays, and algorithms.
To top it all off, Terraform Labs, the firm behind the protocol, is suing the Securities and Exchange Commission (SEC) to get it to drop a subpoena that seeks to compel Do Kwon — who is neither a US national nor resident — to provide testimony regarding if Terraform Labs (registered in Singapore) is issuing securities.
This sure sounds complicated! So let’s unpack it during Off The Record: Reporting on Terra.
Panelists:
• Sam Kessler, a reporter at CoinDesk who covers technology, DeFi and DAOs
• Seth Zhuo, Nansen research analyst
• Andrew Thurman, Nansen content lead
• Moderator: David Canellis, Blockworks editor
Many thanks to Nansen for its sponsorship. Nansen is a blockchain analytics platform that analyzes 100M+ labeled crypto wallets & their activities, so you can separate the signal from the noise.