Creator of the Staking System That Caused the Terra (LUNA) Crisis: This is what Do Kwon wanted it to be

B, one of the core developers of Anchor Protocol, said that the Protocol was originally designed with a 3.6% stake but was modified at the last minute before it was released.

Mr. B, June 7 In an interview with South Korea’s local media outlet JBTC on Anchor Protocolat the beginning of 3.6%It is designed to offer a staking rate of attract more investors for just one week before launch the rate was increased to 20% told.

I didn’t know it would come out with such a high stake rate. It was set to 20% just a week before its release. From the very beginning I thought it might crash, (I designed it) but it really crashed.

Protocol’s only 3.6%Designed to offer a staking rate of . An essential component of keeping the Terra ecosystem stable stating that Mr. Bfrom launch that developers have changed plans a week ago learned and investors TOP stablecoins to Anchor Protocol to lock 20%He said that a high staking rate of .

The developer also April 2019Just before the launch in , the founder of Terra posed this issue. Do Kwon He said he was trying to deal with it.

Just before publication, I suggested to CEO Do Kwon that the stake rate be lowered, but it was not accepted.

Anchor Protocol’s cryptocurrency ANC, CoinGecko According to the data, at the time the news was written March 2021the all-time high reached in 8.23 dollarof %98.3 under $0.136502traded from.

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