Crypto Chat: Terra's UST stablecoin unraveled last week and the entire crypto market was shaken up, now what?
*Recorded May 16, 2022
Last week Terra’s UST ($UST) took a drastic plunge, losing its dollar peg, shaking up the crypto market, and the incident exposed the weakness of algorithmic stablecoins.
Walter Teng & Carrie Presley discuss the Terra Luna ($LUNA) ecosystem, including recent developments from Do Kwon, co-founder of Terra Luna blockchain.
Crypto Weekly: The UST Unwind and Its Implications
Crypto Market Update from Sean Farrell
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Walter Teng, Digital Asset Strategy Associate, recently reported an overview of the Anchor Protocol (ANC) in our DeFi Digest publication, noting a 19.5% earn rate. Walter provides a brief overview of the protocol and what’s shifted in the last few days. (UST -0.57% ) DEFI DIGEST: ANCHOR PROTOCOL