😵 Malt Leaves Investors Hungover as Algo Stable Depegs on Day 2

Hello Defiers! This week’s guest opinion piece is a dispatch from Algo Season 2.0. Our intrepid correspondent reports on the wild rollout of the Malt Protocol over the weekend. This latest algorithmic stablecoin made quite a splash in the market, so much so that trouble ensued and the protocol couldn’t keep its head above water.

We’ll save the juicy deta…