HomeAltcoinsIt’s Not Just LUNA. Terra’s DeFi Apps Have Hemmorhaged $28B

It’s Not Just LUNA. Terra’s DeFi Apps Have Hemmorhaged $28B

-



It’s Not Just LUNA. Terra’s DeFi Apps Have Hemmorhaged $28B

As widely reported, much of the lost value was on the lending protocol Anchor, which took the biggest hit, the data show. It held more than $17 billion on May 6 and locked up just over $106 million on Friday – a drop of over 99%. Anchor was home to Terra’s infamous “stable yields,” where investors could lock up their UST to earn about 19% on a yearly basis.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Blockchain could help anonymously document war crimes

Blockchain combined with decentralized storage could ensure data preservation and anonymity when reporting war crimes. Human rights investigators appointed by the...

Mainstream media sentiment shifts in favor of Bitcoin amid fiat currency woes

While mainstream media generally remains cautious against Bitcoin, current fiat debacles left outlets with no choice but to recognize BTC’s standout performance. ...

DEX dev Uniswap Labs looks for new funding at unicorn valuation: Report

Uniswap has been previously in talks with NFT lending protocols, planning to tackle liquidity issues and the “information asymmetry” around NFTs. Major decentralized...

Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Figure

XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-estimated figure for core PCE, the Fed's preferred measure of...

Most Popular

spot_img