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Do Kwon

Anchor created demand for Terra. Unlike stablecoins such as Tether and USDC, Terra wasn’t directly backed by reserves. Instead, it was known as an “algorithmic

Do Kwon, co-founder and chief executive officer of Terraform Labs, laid out a series of measures on Jan. 28 to tackle the issue of depleting reserves on Anchor, the

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite

How the Anchor protocol helped sink Terra

Here's Why I'm Passing on Anchor's 20% APY - Nasdaq

Terra Dev Claims He Raised Concerns Over Do Kwon Bumping

Terra Designer Says Do Kwon Purposely Increased UST Interest

Terra Founder Discusses Plan to Tackle Anchor’s - BeInCrypto

Anchor Protocol Developer Reveals He Warned Terra's Founder

The Wu Blockchain Took To

Currently, Anchor borrowers pay around 10% APR on their loans. Borrowers also have to put down significant collateral. Anchor generates yield on the collateral, which

Anchor protocol's reserves head toward depletion due to lack of

The Wu blockchain took to Twitter, explaining that the initial interest rate of the Anchor protocol was initially 3.6% until Do Kwon rejected it. Then, the Terra founder bumped the interest rate

According To Mr

According to Mr. B, the Anchor Protocol platform was designed to only offer an interest rate of 3.6%.

Anchor, the flagship savings protocol of the Terra Luna ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer.