Closing Thoughts on Algo Stables
May 23, 2022
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Closing Thoughts on Terra
Earlier readers of DeFi Digest will remember our initial primer on Anchor Protocol and the update we published when Anchor introduced the Dynamic Earn Rate. While we attempted to quantify the runway LFG had before they needed to replenish the Yield Reserve, $LUNA’s sudden death spiral was difficult to predict.
Instead, as detailed in last week’s Crypto Weekly, it took a series of concurrent events (Terra moving Curve liquidity from UST3P...