“Risk Harbor Anchor UST insurance hasn’t been widely available – we were holding off on taking any third-party funds until we could purchase that insurance at scale. I anticipate decreased demand for the product this […]
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday. Source link
Increased demand for CVX during the recovery attempt of the market in March stabilized Convex Finance TVL which has surpassed Aave (AAVE) TVL at the beginning of May 2022. Convex Finance (CVX) has seen its […]
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round […]
By using Web 3’s building blocks to represent social identity, the ecosystem can overcome its current limitations and bring about a decentralized society. Source link
Australian bitcoin (BTC) miner Iris Energy (IREN) remains on track for 15 exahash per second (EH/s) in hashrate – 10 EH/s of that by early 2023 – but its fiscal third-quarter revenue of $15.2 million […]
Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues to lose its value. The coin has consecutively dropped since the […]
After its stablecoin lost its currency peg to the USD, Terra entered a downward spiral. The tendency continues today, even more prominently than yesterday, when LUNA “only” lost half of its value. Terra had dropped […]
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday. Source link
“The price stabilization mechanism is absorbing UST supply (over 10% of total supply),” Kwon wrote in a tweet during European trading hours, explaining how UST works. “But the cost of absorbing so many stablecoins at […]
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