On Jan. 5 2022, Galaxy Digital crypto investment firm CEO Mike Novogratz showed off his new LUNA tattoo, celebrating his investment in — and faith in — the UST algorithmic stablecoin, which maintained its dollar peg via an incentivized arbitrage algorithm using partner token LUNA. On May 19 2022, one week after the two-token ecosystem failed in a $48 billion collapse, Novogratz wrote in a shareholder letter that the ink on his left shoulder "will be a constant reminder that venture investing requires humility." And the ability to withstand a $300 million write-off. source: www.coinmarketcap.com [link] [comments] |
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