Bitcoin, Ethereum, Crypto News and Price Data



But the UST-Terra LUNA relationship still has its risks, as many bears are wont to note. There’s the natural volatility of the crypto market, the “inherently fragile” relationship in the LUNA-UST arbitrage and the risk that Terra’s use cases built around UST aren’t actually used. Perhaps the largest risk comes from the Terra-based Anchor protocol, a “decentralized” lending platform that pays nearly 20% yields to those willing to lend their assets to it. Currently, two-thirds of UST demand comes from Anchor, Clemens said, a phenomenon encouraged by Terraform Labs, which built Anchor to incentivize use of its blockchain.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: 

Track live crypto price of 10000+ coins!


Related:  'I want Texas to be the oasis on planet Earth for bitcoin and crypto'