Vitalik Buterin speaks out on the direction of rebuilding Terra (LUNA) and stablecoin UST.

Ethereum co-founder Vitalik Buterin thinks Terra’s reconstruction efforts should focus on retail investors holding fewer USTs rather than “whales.”

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Vitalik Buterin speaks out on the direction of rebuilding Terra (LUNA) and stablecoin UST.

Specifically, on May 14, Anthony Sassano – the writer of the popular The Daily Gwei newsletter series in the Ethereum community, tweeted:

"Stop experimenting with ponzi, algorithmic stablecoins, yield farming and other unsustainable crap.Instead, experiment with funding ‘public goods’, governance/DAO models, decentralized identity/reputation, sustainable finance, and privacy-promoting tools. That is the right direction.”

Read more: https://cryptowallcity.com/vitalik-buterin-speaks-out-rebuilding-luna-ust/