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Algorithmic stablecoin:
@anchor_protocol - savings
@mirror_protocol - investments
chai+import - payments
Terra - currency
11 May 2022 2 minute read 1 comment Bfab
Hopefully you have not invested your life savings into UST. At this time of writing, its value USD 0.44... Which is obviously 56% below its theoritical value. The reasons why it lost its peg from USD have already been explained. However, you may wond...
11 May 2022 1 minute read 1 comment Crypto_Lemon
Hi HODLers, First of all I would like to offer support to my fellow investors and crypto lovers. I know some of you took a big hit to your portfolios and most importantly to your mental state. I just want to reassure you: "I have been there"! and You...
11 May 2022 1 minute read 0 comments busyjordy
CRYPTO CORNER EPISODE 478 Market Analysis, Updates, News & Reviews In today's episode I discuss the latest drop in UST and LUNA - the tokens of the Terra Network. Is this the end? Should you buy now? Take a look: ☝These are my opinions, not financia...
11 May 2022 1 minute read 1 comment Aldeneer
If you ever read this blog, you know how much I love cosmos ecosystem and Osmosis DEX, but there was a thing that always annoyed me, overreliance on TerraUSD. UST was a main stablecoin on osmosis and still is (even tho it is now worth only 0.48$ at t...
11 May 2022 3 minute read 5 comments Zacharias
11 May 2022: In what will be known as one of the most historical, dark days in the entire cryptocurrency space, Terra’s stablecoin UST and complementary LUNA token have completely collapsed after UST depegged. UST is a dollar-pegged stablecoin that...
11 May 2022 3 minute read 3 comments 0xVince
Over $5 Billion of deposits in the Anchor protocol vanished (5/9) as the Terra algorithmic stablecoin UST lost its pegging to the US Dollar (USD). The value of the deposits fell from $14 Billion to $8.7 Billion, as holders pulled out their UST from t...
11 May 2022 1 minute read 0 comments Perfectionist25
$BTC 🛡The 32.9K and 29.8/28.8K levels on the daily chart are supports that can be looked at for response. As long as the macro structure does not change, reaction purchases will continue to be an opportunity to sell from above. I said $ETH first 271...
10 May 2022 8 minute read 6 comments Messin' With Cryptos
If the realized risks of Terra's death spiral yesterday wasn't a rough reminder, please remember that the whole of Defi/Crypto is risky, and please note that this is NOT financial advice and for educational (and hopefully entertainment) purposes only...
10 May 2022 1 minute read 0 comments A Crypto Tale
This is a random rant of not getting much exercise lately. More importantly, is it time to buy more crypto? In the past, I would do yoga 3 hours a week and during the lockdown I managed to skip for 20 minutes in a day. But now, I wonder where is th...
10 May 2022 1 minute read 0 comments Cryptopeach
LUNA is a cryptocurrency mostly known by its stablecoin UST, this stablecoin is pegged to the USD by burning and minting LUNA as needed. One of the things that made UST so popoluar is the almost 20% APY this stablecoin grants to its users on Anchor....
