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Tag: $UST

TerraUSD is a decentralized, algorithmic stablecoin that runs on a blockchain and is intended to retain a value of one target US dollar. UST, unlike centralized stablecoins, is not backed by US dollars in a bank account like other cryptocurrencies. Instead, to mint 1 TerraUSD, you need to burn $1.00 of TerraUSD’s reserve asset (LUNA) to create 1 TerraUSD.

mike novogratz crypto

Novogratz Talks About His Recent Losses In Cryptocurrency Markets

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Galaxy Digital CEO Michael Novogratz has decided to discuss his loss in cryptocurrency markets throughout the past couple of months. Galaxy Digital‘s Mike Novogratz has made himself a name in the cryptocurrency world since he started investing in digital assets in 2015. He is well-known for his bullish stance on Bitcoin and other cryptocurrencies, but he recently had some losses with his investments. Novogratz said that Galaxy Digital...

$UST, Bitcoin, Cryptocurrencies

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luna fork - terra classic

Forking LUNA to Create Terra Classic: Terra Ecosystem Revival Plan 2

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Under a plan proposed by Do Kwon, the current chain would be renamed Terra Classic. The new chain would ditch the UST stablecoin. The current chain would be renamed Terra Classic, and the new chain would ditch the UST stablecoin. Under a plan proposed by Do Kwon, the current chain would be renamed Terra Classic. The new chain would ditch the UST stablecoin. Do Kwon, CEO of Luna/Terra, said that this was necessary to ensure that both chains...

$UST, Cryptocurrencies, Front page, Main, News

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ust terra luna

Terra Announce Emergency Measures To Save Luna and UST

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Terra is taking emergency measures to save its ecosystem. The company announced today that it will be burning the equivalent of 1.4 billion USTs, and increasing Luna’s mintage rate by over 300%. You have not selected any currencies to display Terra Luna Classic$0.000099-2.14%#ccpw-label-widget-12732.ccpw-price-label li a , #ccpw-label-widget-12732.ccpw-price-label li{color:#000;} The move comes as a response to the precipitous...

$UST, Cryptocurrencies, Front page, Main

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terra ust depeg

UST-Stablecoin Loses $1 Parity Amid Crypto Market Crash

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The crypto market has taken another hit with the price of a stablecoin that’s designed to be pegged to the U.S. dollar falling well below $1. The UST-Stablecoin, which is backed by $3.5 billion in reserves, lost nearly half its value on Tuesday, plummeting as low as $0.64 before rebounding to around $0.90. The drop comes amid an overall downturn in crypto prices that includes bitcoin losing more than 50% of its value since the beginning...

$UST, Cryptocurrencies, Front page, Main

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ust depeg

UST Update: Sustaining $1 Parity Amidst Macro Turmoil

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$UST token, Terra ecosystem stablecoin, has struggled to maintain parity with the dollar. The UST market has been volatile today, as traders scramble to adjust their portfolios in the face of macroeconomic uncertainty. The price of UST hit a low of $0.9857 on Binance against USDT, before recovering slightly to $0.995 at the time of writing. This trading pair is the most voluminous for UST, with $1.36 billion in volume reported in the past 24...

$LUNA, $UST, Cryptocurrencies, Front page, Main, News, Stablecoins

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Pixy - Brooklin angel campaign

Pixy Launches “Brooklyn Angel” Campaign to support an American Volunteer Combat-Medic Team in Ukraine

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New York, NY – PIXY, a web3 crowdfunding platform, is raising money through NFT sales and direct donations to supply an American volunteer medical team on the ground in Ukraine as the country defends itself from an invading Russian force. All donations will go directly toward the purchase and delivery of much-needed emergency medical supplies, such as combat gauze, burn bandages, tourniquets, and antibiotics. The team in Ukraine is headed...

$LUNA, $UST, Crypto world, NFTs, Press release

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Anchor Protocol says goodbye to its fixed earn rate

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Anchor Protocol, the DeFi protocol built on the Terra blockchain, has decided to end its fixed rate of return following a vote. The protocol, which allows annual interest to be generated with deposits in UST, Terra’s stablecoin, will now have a variable interest rate. 1/ With the passing of Prop 20, Anchor will now implement a more sustainable semi-dynamic Earn rate! Let’s cover what this will look like 🧵— Anchor Protocol (@anchor_protocol)...

$ANC, $LUNA, $UST, Cryptocurrencies, Front page, News

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Terra - Luna

Why Terra grew to number two in DeFi

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Terra, the blockchain network and token that are unstoppable. Its $LUNA token continues to grow, and its network is already behind Ethereum. Its blockchain surpassed Binance Smart Chain in locked funds, while its cryptocurrency consolidates itself in the “Top Ten” of the most valuable cryptocurrencies. Terra is a blockchain that is based on Cosmos software. It was created by the South Korean company Terra Labs. Their project aims to...

$LUNA, $UST, Coins, Cryptocurrencies, DeFi, Featured

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What to do with Anchor Protocol in the long term?

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Terra’s native stablecoin, $UST, is used as the basis for Anchor, a decentralized return protocol that provides users with a fixed annual return of approximately 20% on deposits made to UST. During the first week of February, a governance proposal called for the Luna Foundation Guard (LFG) to inject $450 million into the Anchor yield pool to keep yields high. This caused problems to the protocol. Due to recent downward pressure...

$ANC, $UST, DeFi, Front page

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