Jose Maria Macedo sits down with Do Kwon, Co-Founder and CEO of Terraform Labs, the team behind the Terra blockchain, a fully decentralized and programmable money for the internet. The two discuss decentralized stablecoin mechanisms and pitfalls, Terra’s core ethos, regulatory risk for Terra, and much more!
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(00:00:00) – Introduction.
(00:03:04) – Do’s background.
(00:05:40) – The importance of stablecoins.
(00:08:26) – An overview of stablecoins.
(00:13:09) – Overcoming the challenges of an algorithmic stablecoin.
(00:18:01) – Making $UST the most useful form of money.
(00:22:12) – Terra’s DeFi ecosystem.
(00:26:40) – The metaverse on Terra.
(00:29:21) – Terra’s scalability.
(00:32:22) – Terra’s main goal / Getting $UST on other chains.
(00:35:40) – Using $UST for payments / CHAI payments.
(00:41:45) – Regulatory risk for Terra.
(00:47:14) – Terraform Lab’s plan for their treasury.
(00:48:53) – Sustainability of the Terra ecosystem without incentives.
(00:52:08) – Managing the concentrated liquidity trade-off.
(00:53:34) – Do’s biggest concerns for Terra.
(00:55:20) – Closing thoughts from Do.
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