Yield platform Stablegains sued for promoting UST as a ‘safe’ investment
The stablecoin yield platform is being sued for customer losses following exposure to the Anchor Protocol and UST collapse last year. Go to Source Powered by WPeMatico
Anchor Protocol
Auto Added by WPeMatico
Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months
Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like … Read more
NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. Go to Source Powered by WPeMatico
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position … Read more
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for … Read more
Anchor Protocol rebounds sharply after falling 70% in just two months — what’s next for ANC?
The total value locked inside the Anchor Protocol’s liquidity pools reached an all-time high earlier this week. Go to Source Powered by WPeMatico
Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve
Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra network with Avalanche ecosystems. LFG to Add $100 Million in Avalanche Backing to … Read more
UST staking goes live on Binance as Anchor reserves fall
Yields from Terra’s flagship savings protocol will be available to more than 30 million users on Binance. Go to Source Powered by WPeMatico
Defi Protocol Anchor to Implement ‘Semi-Dynamic Earn Rate’ Following Governance Vote
On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn … Read more
Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending Application
While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last … Read more
