Zhu Su, co-founder of Three Arrows Capital, spoke on the backlash following the collapse of the LUNA ecosystem it supports and the algorithmic stablecoin TerraUSD (UST).
Zhu Wateron the backlash after this week’s depeg of the algorithmic stablecoin UST at the core of the Terra blockchain May 13 He shared a series of posts on Twitter to his followers.
Zhu Su, who has invested in many projects and included the projects he supports, says, “Why is it still in his profile?LUNA“After the questions about what he gave a place to, “I also invested. I believed in the community and shared common goals with them. The attacks and then the risks of depeg emerged. The rapidly growing ecosystem should have moved more slowly and safely.” said.
Stating that it was a very sad and difficult week and having difficulty choosing the right words, Zhu Su stated that he was hesitant to produce content on algorithmic stablecoins, but he would do so in order to form a long-term idea.
“I will do my part to help.”
Zhu Su said that while criticism should not be ignored, FUD should not be allowed either, and he will do his best to help. “This is Terra’s DAO hack moment. I don’t know what will happen in the future, but I will do my part to help.”
“Sorry”
Acknowledging that his personal critics were right and apologizing to his followers, Zhu Su said, “In a different life where I wasn’t an investor, I was more likely to be cautious.” used the phrases.
He Advised His Followers To Take UST
Zhu Water, 3 May In his post on , he told his followers to buy UST and 18-20% yielding between Anchor ProtocolHe suggested that they stake . Zhu Su deleted this post he made shortly after the developments started.
