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Ethereum World News 2022-05-13 11:56:07

Celsius Network Pulls Out Over $500M From Terra’s Anchor Protocol

Celsius Network has pulled out over $500 million from Anchor Protocol. Anchor Protocol is a lending and borrowing protocol on the Terra network, which is currently experiencing an exodus of funds. Both LUNA and UST continue to crash as stakeholders attempt a rescue. The Terra network is seeing the exodus continue, with the Celsius Network exiting Anchor Protocol. The borrowing platform has removed $535 million from the Anchor Protocol, which is a lending and borrowing protocol on the Terra network. […]

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