Anchor Developers Accuse Do Kwon of Terra Ecosystem Collapse

According to the developers of the leading ecosystem protocol Anchor, the collapse of Terra was inevitable, which became obvious even at the design stage.

According to them, when developing the protocol, the calculations implied a fixed interest rate of return at the level of 3.6%, but a week before the launch of the project, the head of Terraform Labs, Do Kwon, abandoned this idea and raised the bar to 20%.

JTBC interlocutors have noted they repeatedly warned management about the risks and possible consequences of such a decision, but Kwon did not listen to their arguments. They have also emphasized the head of Terraform Labs single-handedly made all the key decisions regarding the development of the project. They have said:

“Do Kwon is able to make people believe even the most absurd things. He did everything he wanted.”