How the Anchor protocol helped sink Terra
If a 20 percent interest rate sounds too good to be true, it probably is. Ultimately, Anchor weighed its investors down when Terra ran aground.
Source: theverge.com
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Crypto investors lose life savings due to Terraform Lab's 'deceitful' algorithm: lawyer
Crypto investors lose life savings due to Terraform Lab's 'deceitful' algorithm: lawyer
Source: koreatimes.co.kr
UST stablecoin is no longer 'stable': Here's what you should know
One of the most popular stablecoins, TerraUSD (UST), is no longer stable. Within the past few days, UST has lost its peg to the US dollar twice and has since dropped as low as US$0.6923 (S$0.96) at the time of writing. The stablecoin’s market capitalisation dropped from about US$18 billion to as low as US$12.6 billion. So, what caused TerraUSD’s...
Source: asiaone.com
A crypto first? What happens when a blockchain like Terra dies
The demise of a crypto ecosystem of the size and depth of Terra would mark a milestone
Source: gulfnews.com
The World's Best Stablecoin Has Advice for Newbies
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Source: aawsat.com