Media: Anchor developers blame Do Kwon for the Terra ecosystem collapse
Terra's collapse appeared inevitable from the design stage. An anonymous source from the developers of the leading Anchor Protocol told JTBC.
Media: Anchor developers blame Do Kwon for the Terra ecosystem collapse
Terra's collapse appeared inevitable from the design stage. An anonymous source from the developers of the leading Anchor Protocol told JTBC.
Media: Celsius pulled about $500 million from Anchor protocol amid the UST crash
The crypto-lending platform Celsius pulled assets worth about $500 million from the Anchor protocol amid the collapse of the algorithmic stablecoin UST. The Block reports.
Anchor community proposes trimming UST deposit yield to 4%
The Anchor protocol community proposed reducing the target yield on UST deposits to 4% per year. It is hoped this will help restore parity of the algorithmic stablecoin with the US dollar.
Opinion: 91% of Anchor users slept through the UST incident
The withdrawal of $1.42 billion from the Anchor protocol on May 7 affected 11,400 addresses. These calculations were provided by SplitBrick DAO founder Pedro Ojeda.
UST stablecoin briefly lost its peg to the US dollar amid Anchor outflows
Against the backdrop of a decline in deposit yields over a little more than two days, more than 2.2 billion UST were withdrawn from the Anchor protocol. As a result, the Terra ecosystem's algorithmic stablecoin briefly lost its peg to the US dollar.
How Anchor’s problems could destabilise Terra’s economy and the crypto market
Anchor continues to grow its TVL amid persistent demand for the stablecoin UST.
Anchor – Will The New Stablecoin Be an Ultimate Solution to Preserving Monetary Value?
While today’s global economic ecosystem is plagued by instability, market volatility and inflation, various financial institutions are coming up a with a solution generally known as stablecoins. Stablecoins are cryptocurrencies designed to minimize the volatility of the price, relative to some “stable” asset or basket of assets. A stablecoin can be pegged to a currency, […]We use cookies to improve the quality of our service.
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