June 2, 2022by Laura Shin

The Chopping Block: Does the New Terra Have Any Chance? – Ep.358

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. Since Robert Leshner couldn’t make it, Laura also decided to hop on the show too! Show topics:

how Terra is trying to rebuild
what its value proposition is
why Laura is surprised at how fast Do Kwon began shitposting again
how teams affected by the Terra collapse, like Delphi Digital and Mars Protocol, are responding
how its implosion will affect Cosmos
why Tarun thinks Osmosis’ purchase of Keplr was the “best” purchase in crypto history
whether the collapse of UST could help Cosmos in the long run
what the legal implications of UST’s depeg will be
whether Terra was a fraud like Theranos
why Tarun thinks that investors should be sued for getting clients involved in Terra
why Tarun thinks regulators are against 24-hour trading
why Tarun thinks Matt Levine is a “boomer”
what FTX’s chances are in getting approval from the CFTC to be the engine for 24-hour derivatives trading
why NFTs are denominated in ETH/SOL instead of fiat
why Tom doesn’t think airdrops matter
what went wrong with the OP token drop

Hosts

Haseeb Qureshi, managing partner at Dragonfly Capital
- https://twitter.com/hosseeb
Tom Schmidt, general partner at Dragonfly Capital
- https://twitter.com/tomhschmidt
Tarun Chitra, managing partner at Robot Ventures
- https://twitter.com/tarunchitra

Guest

Laura Shin, host of Unchained
- https://twitter.com/laurashin

Show Topics

Terra revival plan
- https://www.protocol.com/bulletins/terra-blockchain-restart-approved
LUNA 2.0
- https://fortune.com/2022/05/30/do-kwon-luna-2-airdrop-plunges/
LUNA airdrop calculation issues:
- https://twitter.com/terra_money/status/1531410663674888192
- https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498
Delphi Digital
- https://www.theblockcrypto.com/post/147755/delphi-digital-admits-we-were-wrong-on-terra-stablecoin-risks

Luna Classic
- https://www.theblockcrypto.com/post/149361/mirror-protocol-suffers-new-exploit-and-could-be-drained-in-hours
- https://www.theblockcrypto.com/post/149342/a-90-million-defi-exploit-on-terra-went-unnoticed-for-seven-months
Korean prosecutors are looking to crackdown on Terra
- https://www.theblockcrypto.com/post/149309/terraform-labs-employees-summoned-korea-prosecutors-ust-luna
Adam Neumann crypto project
- https://www.vox.com/recode/23142106/adam-neumann-crypto-carbon-credit-offset-flowcarbon

Unchained Coverage on Optimism

https://unchainedpodcast.com/will-optimisms-op-token-draw-people-back-to-layer-2s-on-ethereum/

Unchained Coverage on Osmosis and Keplr

https://unchainedpodcast.com/how-osmosis-is-trying-to-improve-the-crypto-user-experience/

Unchained Coverage on FTX x CFTC

https://unchainedpodcast.com/ftx-wants-to-compete-with-cme-heres-why-its-a-big-deal/

Previous Unchained Terra Coverage

Kevin Zhou on the UST depeg
- https://unchainedpodcast.com/the-chopping-block-kevin-zhou-on-why-he-knew-terra-would-crash/
Nic Carter, Erik Voorhees, and Eric Wall on the collapse of UST
- https://unchainedpodcast.com/why-terra-collapsed-and-whether-an-algo-stablecoin-can-ever-succeed/
Do Kwon on backing UST with BTC
- https://unchainedpodcast.com/do-kwon-is-backing-ust-with-bitcoin-and-heres-what-else-he-is-building/
Kevin Zhou on the risk of UST’s death spiral
- https://unchainedpodcast.com/heres-why-usdn-depegged-from-the-dollar-and-why-ust-might-too/
Jon Wu on how Terra got depegged:
- https://unchainedpodcast.com/did-someone-deliberately-attack-terra-luna-to-kick-off-a-death-spiral/
Do Kwon on The Chopping Block
- https://www.youtube.com/watch?v=0xl8u7-KVwM

Haseeb’s summary of the Terra collapse:

https://medium.com/dragonfly-research/the-reign-of-terra-the-rise-and-fall-of-ust-208dabbc8e6e

Tarun’s thoughts on algorithmic stablecoins

https://twitter.com/Unchained_pod/status/1512465290910736391

Unchained Podcast