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Crypto Basics
DeFiTerra’s collapse is what an algorithmic peg looks like when the bid dies
A token that was supposed to stay at $1 by minting and burning LUNA hyperinflated the seigniorage coin instead. Anchor’s yield was demand, not a law of physics.EasyCryptoGuides · · 2 min readCrypto BasicsWhat is USDD?
USDD entered circulation on 5 May 2022, pitched as an algorithmic dollar. In January 2025 a later version let users mint against collateral. The old token and the new one do not answer to the same contract.EasyCryptoGuides · · 2 min read
SecurityThe Ronin hack was a bridge with too few keys, not Ethereum failing
Sky Mavis’s sidechain bridge did what a 5-of-9 scheme does when five keys are in the wrong hands. Ethereum mainnet kept producing blocks. The game’s on-ramp did not.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Stargate (STG)?
Stargate’s auction was on 17 March 2022, and the launch note minted 1 billion STG. In 2025 holders approved a swap into ZRO. An October 2026 note said that conversion would stop on 15 December 2026.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Onyxcoin (XCN)?
A March 2022 listing called the supply about 68.9 billion XCN. In January 2023 the name became Onyxcoin and the ticker stayed. The token is not a share of Chain.EasyCryptoGuides · · 1 min read
RegulationBiden’s digital-assets order is a process memo, not a ban
The White House asked for reports on consumers, financial stability, illicit finance, competitiveness, inclusion, and a possible US CBDC. That is coordination. It is not a protocol change.EasyCryptoGuides · · 1 min read
SecurityWormhole was a bridge bug. Jump put the ETH back.
A signature-check failure on the Solana side of a cross-chain bridge printed IOUs that were not matched by ether on Ethereum. Users of the wrapped token got made whole by a company, not by maths.EasyCryptoGuides · · 1 min read
DeFiWhat is Liquity USD (LUSD)?
LUSD is a stablecoin from the Liquity protocol: over-collateralised with ETH, redeemable, with a stability pool. The peg is a mechanism, not a promise from a treasury.EasyCryptoGuides · · 3 min read
Crypto BasicsWhat is Olympus (OHM)?
Olympus DAO launched OHM in March 2021. The v2 migration opened on 15 December 2021. This page is that v2 token. Staked OHM can change balance without a transfer. Backing is a treasury, not a promise of one dollar.EasyCryptoGuides · · 1 min read
Crypto BasicsShiba Inu (SHIB) is a token, not a second Ethereum
The old page described SHIB as if it were a smart-contract platform. It is an ERC-20 token. Later ecosystem pieces (including Shibarium) are extra, not the original fact.EasyCryptoGuides · · 2 min read
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