Tag: anchor

The Terra-Based DeFi Protocol Anchor proposes lowering UST yield rates to 4%.

The Terra-Based DeFi Protocol Anchor proposes lowering UST yield rates to 4%.

May 12, 2022

The Terra-Based DeFi Protocol Anchor proposes lowering UST yield rates to 4%. As the Terra ecosystem explores steps to safeguard UST’s peg with US dollars, participants in the Terra-based decentralized finance (DeFi) protocol Anchor have advocated decreasing terraced (UST) rates to an average of 4% from the current 19.5 percent. “Reduce minimum interest rates to […]

Hours after its launch, LUNA 2.0 sees a significant price drop.

Investors Flee Terra Anchor as UST Stablecoin Repeatedly Loses $1 Peg

May 10, 2022

Investors Flee Terra Anchor as UST Stablecoin Repeatedly Loses $1 Peg Anchor, the Terra blockchain-based yield-generating protocol, has had $5 billion in deposits, or more than a third of the total, disappear over the last few days, in what amounts to a crypto-style bank run on one of the blockchain industry’s most popular initiatives. Deposits […]