Kujira

$KUJI

Kujira's Rise, Fall, and Redemption: A DeFi Epic

Found this great read about $KUJI

Here is a summary:

Kujira's story in DeFi is one of resilience, ambition, and hard lessons learned. Once a star of the Terra ecosystem, they narrowly survived the Terra collapse of 2022, launching their own Cosmos-based L1. The team’s ingenuity brought powerful DeFi tools to life, like Orca, Fin, and Ghost. But this year, they faced a self-inflicted setback when leveraging treasury assets went wrong, leading to a near 95% crash in $KUJI price.

Enter THORChain, seeing Kujira's potential and stepping in to turn things around. Now, with the $RUJI merge on the horizon, Kujira is set for a comeback.

This merger brings together THORChain’s incredible liquidity and Kujira’s fully-developed DeFi app layer, creating a force to be reckoned with in DeFi.

The stage is set for a DeFi revival, and there may never be a better time to get involved.

Full read: https://medium.com/@eldorado.market/the-epic-of-kujira-from-terras-ashes-to-thorchain-s-embrace-5f614c9a90a2 Show Less

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