Preventing The Next Terra Collapse

There’s an important venture capitalist who addressed preventing the next terra (luna) collapse. Check out the latest reports below.

It’s been just revealed that the successful crypto-focused venture capitalist Arthur Cheong is thinking of a few steps the decentralized finance (DeFi) world needs to take in order to prevent another high-profile collapse like Terra (LUNA).

DeFiance Capital founder Cheong made sure to explain the fact that the past week has been an “incredibly humbling and difficult event” even though his firm generally called the bearish direction of the market correctly.

“Personally, this has been an incredibly humbling and difficult event. We generally got the bearish direction right so been a lot more cautious but many of our assumptions are challenged and invalidated. We could have done much more as well to prevent this.”

He thinks Terra’s implosion will “set the space back by a few years” and whip up “increased and justified” regulatory scrutiny of DeFi around the world. The venture capitalist calls on the industry to act more professionally, as noted by the online publication the Daily Hodl.

“I think a more comprehensive disclosure framework for DeFi should be championed so instead of a forced KYC/AML [know-your-customer/anti-money laundering] nightmare like the tradfi [traditional finance] world, we should push for maximum awareness/education before encouraging the usage/access of DeFi.”

It’s been just revealed that the important macro analyst Lyn Alden says that Bitcoin (BTC) is likely approaching a “deep value” range as certain metrics start to signal a bottom is in.

In a new interview with Blockware Intelligence, Alden says Bitcoin’s current price range is presenting opportunities for market participants who have a long-term investment thesis on BTC.

“I think this mid-$20,000 area is super deep value. When you look at things like dormancy flow, a bunch of different on-chain indicators are kind of deep value. At the end of the day, you can have these wicks that go well below that if there’s kind of like a liquidity crisis.”