SINKING TO

Lfg Accumulated More Than

UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

Anchor Community Submits Proposal to Restore UST Peg - CoinDesk

LFG accumulated more than $3 billion in its reserve, mostly in bitcoin (BTC), before UST first lost its 1:1 dollar peg on Sunday. However, the plan to connect the

First

The Timeline of UST's Collapse: Understanding the Failures and

First, two traders broke UST’s peg; next, Terraform Labs and three supporters repaired it by purchasing $2B UST; finally, the continued sell-off drained those funds

The trades that triggered UST’s collapse - Economy Middle East

Dubbed Emergency Measures For Restoring

UST's Collapse & The Trades That Triggered It - Chainalysis

Dubbed Emergency measures for restoring Terra peg, the proposal aims to lower minimum interest rates to 3.5% and maximum deposit rates to 5.5%. Anchor is a

The LFG revealed that its Bitcoin reserves had been depleted from 80,000 to just 313 Bitcoin in the failed attempt to maintain UST’s peg. This revelation marked the end of

A Nov

Terra’s Stablecoin UST loses Dollar peg: A failed experiment

Audit reveals Luna Foundation Guard spent $2.8B to defend UST

A Nov. 9 technical audit report submitted by JS Held revealed the Luna Foundation Guard spent $2.8 billion to defend UST’s peg between May 8 and May 12.

First

The rapid rise of the Terra stablecoin UST came to an early end when a liquidation cascade caused the price of the algorithmic dollar token to plunge to 60 cents. To

First, two traders broke UST’s peg; next, Terraform Labs and three supporters repaired it by purchasing $2 billion UST; finally, the continued sell-off drained those