Three Arrows CEO Zhu Su tweeted: “Some people have asked me why I still put LUNA on my Twitter bio. It’s because I’ve invested in it and believe in its community, that we have a common goal. Critics pointed out that Attack on LUNA and subsequent de-anchoring risk. Admittedly the fast growing ecosystem should have done more to develop in a slow + safe manner. It’s been an incredibly humiliating week and it’s hard to find the right words Describe. I had a lot of discussions with Hasu last night, including about whether to record an episode on algorithmic stablecoins, which I thought we might do to give some longer-term ideas.”
He continued: “Critics’ concerns about the risk of de-anchoring are real, but we also have to have a ‘move on’ discussion, it’s just that ‘FUD’ is a no-go, growth has to be organic, even if it’s going to be slower . This is Terra’s DAO hack moment, and I’m not going to pretend to know what the future holds, but I’m going to do what I can to help them.”
