Luna prices fell from US$87 on 7 May 2022 to US$0.0002 at the time of writing. Meanwhile, its widely adopted stablecoin UST fell from the peg of 1:1 USD to 0.1:1 USD currently. As a result of the ecosystem’s implosion, the TVL dropped from US$28.2B on 7 May to a current TVL of US$237 million. Luna co-founder, Do Kwon, has announced V2 of his plan to move forward.
What does it entail? And who stands to benefit?
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