Crypto-Follow logo Crypto-Follow logo
Vauld Insights 2022-05-10 08:30:00

UST Breaks Peg, LUNA Plummets, LFG Dumps BTC – End Of Terra?

LFG empties its BTC reserves, leaving AVAX as the only non-Terra crypto reserve. UST falls to 70 cents, Anchor sees a 30% decrease in UST deposits. Terra was founded on one principle – stable returns through UST and backing through Bitcoin. LUNA was the token that ensured this balance remained stable. Until it didn’t. As […]The post UST Breaks Peg, LUNA Plummets, LFG Dumps BTC – End Of Terra? appeared first on Vauld Insights.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer