The Chopping Block: Does the New Terra Have Any Chance?

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 

• FTX and CFTC and CME
  • https://twitter.com/aguye_/status/1529547230318718976 
  • ​​https://www.theblockcrypto.com/linked/143792/as-it-weighs-ftx-proposal-cftc-announces-a-roundtable-on-disintermediation 
  • https://www.theblockcrypto.com/post/148786/cftc-roundtable-on-ftx-proposal-highlights-barriers-in-clearing-of-digital-vs-physical-assets 
• Farmers vs FTX
  • https://twitter.com/fintechfrank/status/1531605653269188608 
• CME word salad
  • https://twitter.com/fintechfrank/status/1524811596421382144 
• Optimism Airdrop
  • https://twitter.com/epolynya/status/1531719021833334784?s=21&t=MoImAkB4p8qwOV3p63sSnw
  • https://dune.com/hildobby/op-airdrop 

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