Ukuwa kwe-cryptocurrency i-TerraUSD inabathengisi abazibuza ukuthi kwenzekeni ngesikhwama sempi esingu-$3 billion esiklanyelwe ukusivikela.

I-TerraUSD iwuhlamvu lwemali oluzinzile, okusho ukuthi inani layo kufanele lizinze ku-$1.Kodwa ngemva kokuwa ngasekuqaleni kwale nyanga, uhlamvu lwemali lubiza amasenti angu-6 kuphela.

Cishe izinsuku ezimbili ekuqaleni kwale nyanga, isisekelo esingenzi nzuzo esisekela i-TerraUSD satshala cishe zonke izimali zayo ezigciniwe ze-bitcoin ukuze ziyisize iphinde ithole izinga layo elivamile le-$1, ngokokuhlaziywa kwenkampani elawula ubungozi be-cryptocurrency i-Elliptic Enterprises Ltd. Naphezu kokuthunyelwa okukhulu, i-TerraUSD ichezukile. ngaphezu kwenani layo elilindelekile.

I-Stablecoins iyingxenye ye-cryptocurrency ecosystem ekhule kakhulu eminyakeni yamuva nje, ibalwa cishe amaRandi ayizigidi eziyizinkulungwane eziyi-160 emhlabeni jikelele we-cryptocurrence eyizigidi eziyizinkulungwane eziyi-1.3 kusukela ngoMsombuluko.Njengoba igama labo lisho, lezi zimpahla kufanele zibe umzala ongaguquki we-bitcoin, dogcoin kanye nezinye izimpahla zedijithali ezijwayele ukushintshashintsha okukhulu.

Ezinyangeni ezisanda kwedlula, abadayisi be-cryptocurrency kanye nezingqapheli zemakethe bathathele ezinkundleni zokuxhumana ukuxwayisa ngokuthi i-TerraUSD ingase iphambuke ku-$1 isikhonkwane.Njenge-algorithmic stablecoin, ithembele kubahwebi njenge-backstop ukuze balondoloze inani le-stablecoin ngokubanika imivuzo.Abanye baye baxwayisa ngokuthi uma isifiso sabahwebi sokubamba lezi zinhlamvu zemali sincipha, kungase kubangele igagasi lokuthengisa ngazo zombili, lokho okubizwa ngokuthi i-death spiral.

Ukuze ugweme lokho kukhathazeka, u-Do Kwon, unjiniyela wase-South Korea owadala i-TerraUSD, wasungula i-Luna Foundation Guard, inhlangano engenzi nzuzo ebophezelekile ngokwengxenye ukwakha indawo egciniwe enkulu njengendawo engemuva ukuzethemba.UMnu. Kwon uthe ngoMashi ukuthi inhlangano izothenga kuze kufike ku-$ 10 billion ku-bitcoin nezinye izimpahla zedijithali.Kodwa le nhlangano ayizange iqongelele kangako ngaphambi kokuwa.

Inkampani kaMnu. Kwon, iTerraform Labs, ibixhasa lesi sisekelo ngoxhaxha lweminikelo kusukela ngoJanuwari.Isisekelo siphinde sakhulisa u-$1 bhiliyoni ukuze kuqaliswe izimali zayo ezigciniwe bitcoin ngokuthengisa leyo mali kumathokheni kadadewabo, i-Luna, ezinkampanini zokutshala izimali ze-cryptocurrency ezihlanganisa i-Jump Crypto kanye ne-Three Arrows Capital, futhi yamemezela isivumelwano ngoFebhuwari.

Kusukela ngo-May 7, isisekelo sase siqongelele cishe ama-bitcoins angu-80,400, ayebiza cishe amaRandi ayizigidi eziyizinkulungwane ezingu-3,5 ngaleso sikhathi.Iphinde ibe nenani elilinganiselwa ezigidini ezingama-$50 amanye ama-stablecoins amabili, i-tether kanye ne-USD Coin.abakhiphi babo bobabili bathi izinhlamvu zemali zabo zisekelwa impahla yedola laseMelika futhi zingathengiswa kalula ukuze kuhlangatshezwane nokuhlengwa.Le ndawo yokulondoloza iphinde ibambe uhlamvu lwemali lwe-cryptocurrencies lwe-Binance kanye ne-Avalanche.

Isifiso sabahwebi sokubamba zombili izimpahla sancipha ngemva kochungechunge lokuhoxiswa okukhulu kwama-stablecoins ku-Anchor Protocol, ibhange le-crypto lapho abasebenzisi bepaka khona izimali zabo ukuze bathole inzalo.Leli gagasi lokuthengisa laqina, okwenza i-TerraUSD yehle ngaphansi kwe-$1 bese i-Luna ikhuphukela phezulu.

I-Luna Foundation Guard ithe iqale ukuguqula izimpahla ezigcinwe ku-stablecoin ngoMeyi 8 njengoba intengo ye-TerraUSD iqala ukwehla.Ngokombono, ukuthengisa bitcoin nezinye izinqolobane kungasiza ukuzinzisa iTerraUSD ngokudala isidingo sempahla njengendlela yokuvuselela ukholo.Lokhu kufana nendlela amabhange amakhulu avikela ngayo izimali zawo zasendaweni eziwayo ngokuthengisa izimali ezikhishwe ngamanye amazwe futhi azithengele ezawo.

Isisekelo sithi sidlulisele izinqolobane ze-bitcoin komunye umlingani, okubenza bakwazi ukwenza ukuthengiselana okukhulu ngesisekelo.Sekukonke, ithumele ama-bitcoins angaphezu kwe-50,000, cishe i-5,000 yawo yabuyiselwa, ngokushintshanisa cishe amaRandi ayizigidi eziyizinkulungwane ezingu-1.5 kuma-stablecoins we-Telamax.Iphinde yathengisa yonke imali egciniwe ye-tether kanye ne-USDC stablecoin ngokushintshanisa i-TerraUSD eyizigidi ezingama-50.

Lapho lokho kuhluleka ukusekela isikhonkwane se-$ 1, isisekelo sathi i-Terraform ithengise cishe ama-bitcoins angu-33,000 ngoMeyi 10 egameni lesisekelo emzamweni wokugcina wokubuyisela i-stablecoin ku-$ 1, njengembuyiselo eyathola ngayo imali engaba yizigidi eziyizinkulungwane ezingu-1.1 zamatera. .

Ukwenza lokhu kuthengiselana, isisekelo sidlulisele izimali ekuhwebeni okubili kwe-cryptocurrency.UGemini noBinance, ngokusho kokuhlaziywa kwe-Elliptic.

Nakuba ukushintshaniswa okukhulu kwe-cryptocurrency kungase kube ukuphela kwezikhungo ku-ecosystem ezingacubungula ngokushesha ukuthengiselana okukhulu okudingwa isisekelo, lokhu kuye kwabangela ukukhathazeka phakathi kwabahwebi njengoba i-TerraUSD ne-Luna yenyuka.Ngokungafani nokudluliswa kontanga kuya kontanga kwama-cryptocurrensets, ukuthengiselana okuthile okwenziwa ngaphakathi kokuhwebelana okumaphakathi akubonakali ku-blockchain yomphakathi, incwadi yedijithali esekela ukuthengiselana nge-cryptocurrency.

Ngaphandle komugqa wesikhathi wesisekelo, ukuntula obala okungokwemvelo kuphakamise ukukhathazeka kwabatshalizimali mayelana nokuthi abanye abahwebi bazozisebenzisa kanjani lezo zimali.

"Singabona ukunyakaza ku-blockchain, singabona ukudluliselwa kwezimali kulezi zinsizakalo ezinkulu ezimaphakathi.Asazi isisusa salokhu kudluliselwa noma ukuthi badlulisela imali komunye umlingisi noma badlulisela imali kuma-akhawunti abo kulokhu kushintshana,” kusho uTom Robinson, ongumsunguli we-Elliptic.

I-Lunen Foundation Guard ayizange iphendule esicelweni senhlolokhono esivela ku-Wall Street Journal.UMnu. Kwon akazange aphendule esicelweni sokuphawula.Isisekelo sithe ekuqaleni kwale nyanga sisenempahla elinganiselwa ezigidini ezingama- $ 106 esizoyisebenzisela ukunxephezela abanikazi abasasele beTerraUSD, siqale ngezincane kakhulu.Ayizange inikeze imininingwane eqondile yokuthi leso sinxephezelo sasiyokwenziwa kanjani.