Bitcoin, Ethereum, Crypto Information and Worth Knowledge

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However the UST-Terra LUNA relationship nonetheless has its dangers, as many bears are wont to notice. There’s the pure volatility of the crypto market, the “inherently fragile” relationship within the LUNA-UST arbitrage and the chance that Terra’s use circumstances constructed round UST aren’t truly used. Maybe the biggest danger comes from the Terra-based Anchor protocol, a “decentralized” lending platform that pays almost 20% yields to these prepared to lend their belongings to it. At present, two-thirds of UST demand comes from Anchor, Clemens stated, a phenomenon inspired by Terraform Labs, which constructed Anchor to incentivize use of its blockchain.

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