The Anchor protocol allows one to earn 19.5% APY in TerraUSD(UST), on UST deposits. Yield farming for stablecoins rarely gets as inviting as it does on Celcius. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. TerraUSD USTUSD, +15.97%, or UST, the . HONG KONG (Reuters) - TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below . Terra Ecosystem. TerraUSD (or UST) is the third-largest stablecoin by marketcap, but is unique in that its value (currently $18.6 billion) is determined algorithmically, rather than by an . Early voting outcomes are blended; Terra founder expects yields to show . 3. . The two main tokens from embattled crypto project Terra are now in freefall. The Anchor Protocol (ANC), a Terra-based program that's at present one of many highest-yielding stablecoin platforms, opened a vote that would decrease its almost 20% annual returns. Terra - Luna Ecosystem See who is building on Terra Total 108 projects Live Savings Anchor Protocol Fixed yield platform with borrowing yields. High-interest stablecoin yield farming. Corva said that during the past week massive withdrawals were made from Terra's Anchor Protocol, a savings protocol through which. The native token of the Terra. The once popular crypto has lost over 99 per cent of its price value in . Terra is a blockchain-based ecosystem with a native algorithmic stablecoin (UST) designed for real-world adoption and native token (LUNA) used to stabilize UST's dollar peg. Some apps will automate this for you (lets wait for it to . and will reach $4.5T by the end of 2025. CNT . $1 UST is burned to mint $1 worth of Luna. SEC Is Already Investigating Terra's Stablecoin UST: Report. Besides these lucrative profits, This network also supports multiple stablecoins, from TUSD to GUSD, USDC, USDT, TGBP, and several others. The protocol pays out a consistent 19.5% yield and has been instrumental in the growth of the Terra ecosystem. The once popular crypto has lost over 99 per cent of its price value in . TerraUSD ( UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. UST, which is supposed to be pegged to the dollar, has seen its price crater in recent days against a backdrop of . TerraUSD, or UST, dropped well below the crucial $1 level again on. If you are looking to get into yield farming, here are some of the best yield farming platforms for stablecoin farming. blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD. This is almost 3x of Anchor's yield and roughly the same as Abracadabra's UST . AUT Terra AUT Stablecoin (AUD) minted from Luna. It's a hefty return for simply parking an asset in a savings account when most regular banks provide less than 1%.But according to Do Kwon, the man behind the Terra blockchain powering both Anchor and UST stablecoin, the high interest rate is a reflection of the current level of returns DeFi can offer investors. Điều này cho thấy rằng các Stablecoin Terra (bao gồm UST) không được quản lý bởi một cơ quan trung ương. Enjoy! Backers of TerraUSD (UST), the closely-watched algorithmic stablecoin that broke from its dollar peg, are struggling to win investor support for a rescue. Stablecoin Yield Farms - A Secondary Layer on Top of the DEX activity . Terra (LUNA), TerraUSD (UST) Crash News (May 12): The price of Terra (LUNA) has plummeted to just $0.5 in the last 24 hours. By Brady Dale , Zack Seward Sep 18, 2020 at 7 . HONG KONG (Reuters) - TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below . In turn, UST is an algorithmic stablecoin derived from LUNA, the native token of the Terra blockchain, and which is minted by the Terra Treasury (featuring a $300mn bailout on the above news, and another $450mn planned). Pancakeswap runs on the Binance Smart Chain (BSC) and has one of the broadest lists of trading pairs among all DEX. 1 mo. Terra, a so-called algorithmic stablecoin, is pegged to the U.S. dollar and can be used in conjunction with LUNA, Terra's non-stablecoin cryptocurrency, or as a standalone token, according to CoinMarketCap. . UST/USD. There are more yield options to choose from though - the Terra group currently has 50 projects in the pipeline. TerraUSD (or UST) is a decentralized, scalable, interest-bearing, and algorithmic stablecoin offering a wide range of features. Terra is down 82.13% in the last 24 hours. We believe that a stable, reliable source . Then you take the 'receipt' and use it as collateral in other protocol (or same one) in order to borrow more stablecoins, and then you can repeat this process several times. Recognizing that most stablecoins, such asTether (), are pegged to follow the value of the USD, the Terra Luna founders saw a window for the growth of global crypto adoption with real-world usage.This outward-looking approach for the growth and adoption of . What Happened: According to data . Buy UST (Terra USD) on Kraken (fee = depends on usage. Terra is the leading cross-chain protocol in the industry With Terra assets supported by leading blockchains. Citing a former engineer at Terraform Labs, Hyungsuk Kang, the report stated that Basis Cash was, in fact, the early works of Terra creators, including Kwon. In particular, it is famous for its predominantly infinitely scalable. In February, when the Yield Reserve reached dangerously low levels, it was topped up with $450 million provided by LFG. UST, a so-called stablecoin that's meant to maintain a $1 peg, plunged more than 60% Wednesday from 24 hours earlier . Terra is an algorithmic stablecoin which means entailed risk. This is thanks to its elegant decentralized stablecoin (Terra UST) architecture which cannot be censored, its unique collaborative community (#Lunatics), and its emphasis on usability.No other blockchain has a platform like Anchor that yields a stable 20% interest on savings. We have encountered family offices allocating thusly: Slippage of even a fraction of a percent can have detrimental. Terra Luna is a blockchain built around a family of stablecoins to enable easy crypto transactions on a global scale. Anchor's enticing yield and UST-exclusivity have created a massive demand for Terra's stablecoin. SGT Terra SGT Stablecoin (SGD) minted from Luna. The live Terra price today is $5.59 USD with a 24-hour trading volume of $9,251,257,087 USD. The closely watched stablecoin TerraUSD is getting propped up by its backers after losing its peg to the dollar over the weekend. The closely watched stablecoin TerraUSD is getting propped up by its backers after losing its peg to the dollar over the weekend. Thus Terra fixes the centralization issue of stablecoins and the scalability issue of DAI. In this weeks episode of Around the Blockchain Austin AKA MacNCheeasy discusses the best stablecoin yield farming strategy of 2022 and whether the 18% yields on Terra's UST stablecoin through the Anchor Protocol is sustainable or too good to be true. The burgeoning Terra ecosystem is now one of the largest smart contract blockchain ecosystems out there. What is Anchor? Keeps some too and Anchor. UST currently valued at $16 billion with 16 billion UST in circulation. The Anchor protocol is a savings protocol built on the Terra blockchain. Definitely use Kraken pro and fee will vary 0%-0.26% depending on trading volume) Terra's UST stablecoin is now the third-largest stablecoin by market cap, taking over BUSD; Since January 1, the supply of UST has grown by 75.6% . DeFi users should also take note — an 18-19% yield on a DeFi savings protocol leveraging a decentralized stablecoin doesn't come . . The floor is 15% APY & the ceiling is 20% APY. Terra's algorithmic stablecoin is the biggest story in crypto right now. It's pegged to the value of the U.S dollar. Anchor Protocol allows Terra stablecoin deposits to earn stable yield, powered by block rewards of leading proof-of-stake blockchains. Leverage (up to ±100% APY) - you deposit some initial stablecoins collateral and earn initial yield for it. . PancakeSwap. , lost its peg for the second time in 48 hours. Celsius pays investors up to 17.78 Annual Percentage Yields (APY) weekly for their yield farming efforts. We update our LUNA to USD price in real-time. The yield reserve was projected to . UST is an algorithmic stablecoin on Terra. That's already almost 20% . Algorithmic stablecoins are not backed by any . Because UST holds its peg algorithmically, it is not backed by real dollar reserves like the . Leverage (up to ±100% APY) - you deposit some initial stablecoins collateral and earn initial yield for it. 6 hours agoTerra Luna Is Down 98 In 24 Hours. $1 worth of Luna can be burned to mint $1 UST. Deposits on the Anchor protocol plunged below $9 billion from $14 billion since Friday after Terra's stablecoin, UST, struggles to recover to $1. What Happened: According to data . Terra is a blockchain protocol with several decentralized stablecoin projects running on it, the most popular being TerraUSD (UST). . It's the third day since TerraUSD, an algorithmic stablecoin designed to trade 1 to 1 against U.S. dollars, fell off its peg for an extended period of time. Terra's UST stablecoin, the most popular algorithmic dollar-pegged currency in the crypto space, broke it's 1 dollar peg over the weekend and has today failed to recover, having wicked as low as 0.80 cents on the Binance exchange. At its core, Terra USD is an algorithmic stablecoin that is designed such that the cost of minting new UST tokens is equal to the face value of the UST . A stablecoin savings account resembles a regular savings account in some ways except with a much higher yield. . With inflation being on the rise, people need a way of beating inflation. Back in July 2021, Terra Form Labs injected $70,000,000 UST into it because it was at risk of running dry at the time. Orion Money and Terra Airdrops. UST is an algorithmic stablecoin on Terra. Frank Corva, cryptocurrency specialist with Finder, said fears of UST, the algorithmic stablecoin on the Terra blockchain . . TerraUSD, otherwise known as UST, is an algorithmic stablecoin on the Terra network. TerraUSD, or UST, dropped well below the crucial $1 level again on . , lost its peg for the second time in 48 hours. But it gets better, because in addition to holding Luna, you can also put your Terra into a high-yield savings account, via a Web3 app called . A mere two weeks after launch of the Pylon Pool was all it took for the Spectrum Protocol team to release their bPsi single-asset farm (or to use Danku-esque language: the 'Spectrum bPsi Degenbox') which yields an APR of about 50% and an %APY of 70% on UST. It has a circulating supply of 469,097,469 LUNA coins . Anchor Protocol's UST yield is steady, thanks to staking profits from a variety of proof-of-stake assets that users submit as collateral. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. . Europe's Stablecoin digital asset. See: 20 Genius Things Mark Cuban . blockchain crashed 56% over 24 hours as its stablecoin, TerraUSD. Then you take the 'receipt' and use it as collateral in other protocol (or same one) in order to borrow more stablecoins, and then you can repeat this process several times. The changes in Anchor's earn rate are triggered by the protocol's yield reserve. The yield reserve has been under constant pressure since Anchor was launched because deposits have vastly outrun borrowings as investors clamor for the near 20% interest rate on a stablecoin. Stablecoin terraUSD (UST) crashed on May 10 and is down 54% at $0.44 on the morning of May 11, prompting regulators to renew calls for cryptocurrency legislation. Visit Terra Bridge The Terra Protocol is an open-source stablecoin network controlled by its stakeholders Terra in the media Tech Crunch Crypto investors like Terraform Labs so much, they're committing $150 million to its 'ecosystem' Some apps will automate this for you (lets wait for it to . Edge Protocol The first community-based lending market on Terra. Within a single year, UST increased its market cap by 890%, from $1.86 billion in April 2021 to $18.42 billion in April 2022. Stablecoin terraUSD (UST) crashed on May 10 and is down 54% at $0.44 on the morning of May 11, prompting regulators to renew calls for cryptocurrency legislation. This demand has also led to the continued expansion of the amount of UST circulating on the market (and, likely, LUNA's positive price action). You must know by now that anything with a higher return will intrinsically carry a higher level of risk although with some diversification and good common sense it is possible to attain a very decent return holding high-yield stablecoins. LUNA/USD. A Quick tutorial on how to use your new Terra wallet, overview of feautures, and how to use it to connect to Anchor protocol and earn stablecoin yield, bonding and burning Luna for collateralisation and how to take and repay DeFi loans on the platform. Stablecoins are cryptocurrencies. But how exactly is Anchor facilitating . ago. So when they-- in this case, when Terra USD dropped below its . "The Anchor Protocol is burning about $5 million a day in their treasury to sustain the yield . Arbitrage Platform built on Terra Live Yield Nexus Protocol Enabling easy, reliable, and secure LTV management across the Terra ecosystem. In the few years that have gone by recently, we have seen a meteoric rise in the number of Decentralized Finance (DeFi) applications. UST is the stablecoin of the Terra ecosystem. Because UST is unbacked, it can potentially de-peg from the dollar during periods of extreme market volatility. LUNA is Terra's native token and UST is Terra's stablecoin. LUNA Price Live Data. On the Terra blockchain, UST is a decentralised, algorithmic stablecoin. One of these digital assets is called EURxb, and it's not backed directly with fiat like USDC is, but in fact, it's backed by an over . For comparison, the total USD M1 money supply is $3.75T and has been growing by 5.4% since 2000. Terra vs Iron/Titan: Luna is the native token of the terra blockchain. What Is Terra Luna? Terra, a so-called algorithmic stablecoin, is pegged to the U.S. dollar and can be used in conjunction with LUNA, Terra's non-stablecoin cryptocurrency, or as a standalone token, according to CoinMarketCap. Terra USD (UST) is a decentralized stablecoin that was created as a solution to the lack of scalability experienced on multiple stablecoins in the decentralized finance ecosystem and beyond. Terra's Anchor Protocol has served as a tool that many have turned to in recent months for exactly that; Anchor has offered a consistent ~19.5% continually compounding yield on UST while CeFi platforms like Celsius or BlockFi have been less aggressive in stablecoin rates (Celsius, for example, reduced it's stablecoin yield rates in December . PancakeSwap is an alternative yield-farming platform for stable coins. The current CoinMarketCap ranking is #32, with a live market cap of $2,622,295,992 USD. Phew. . The LUNA and UST coins are interconnected because LUNA is required to create more UST. Based on TheBlockCrypto, the total stablecoin market in April 2021 was worth $75B and has achieved a CAGR growth rate of 91% since January 2019. The neighborhood proposed a dynamic yield price to assist keep the protocol's reserves. Cryptocurrency prices were falling Monday along with the stock market. The team behind this Terra project said the following via their official Twitter account: The Anchor Earn rate adjusts dynamically by up to 1.5% each month based on if the yield reserve appreciated or depreciated. The protocol is one of the few that offer users a stablecoin savings product capable of providing stable interest rates to depositors. You know, when a stablecoin drops below its peg-- they can be pegged to a lot of different assets, but typically, it's the US dollar. ANC, the protocol's token fell 35% during the day. An algorithmic stablecoin that works. Orion Money forms another part of Terra's ecosystem. The Securities and Exchange Commission (SEC) is already investigating this week's events concerning Terra LUNA/USD and TerraUSD UST . MIM Is fully collateralized by UST, which held its peg admirably after a brief drawdown to $0.92. It was created by the same team that created Terra because they believe that a reliable savings protocol is the key to the mass adoption of cryptocurrencies. Ousd has been on a good cruise since January. Talks stalled . The terra ecosystem and its UST stablecoin are now among the most controversial topics in crypto. A Quick tutorial on how to use your new Terra wallet, overview of feautures, and how to use it to connect to Anchor protocol and earn stablecoin yield, bondi. Deposits on Anchor, which offered up to 19.5% yield on deposits, plunged to $8.7 billion on Monday from $14 billion on Friday, data by the. At the time of writing, the price of UST currently sits at around 0.86 cents, and Terra's native token LUNA . Maximize your yields in the Terra ecosystem with Terra's first yield optimizer and liquidation protector vaults. To push mainstream adoption, Terra partnered with a formidable alliance of leading eCommerce companies in Asia, including industry giants such as TMON (Korea), Carousell (Singapore), Qoo10 (Singapore), and . The idea is that Terra is stable, Luna is speculative. So, . In addition, UST is the 5th largest stablecoin with a market cap of approximately ~$2.7bn. Market . We have previously described three vectors for crypto asset allocation, which in total may sum to 15% in aggressive portfolios. Terra has become pivotal to the Terra ecosystem (specifically UST stablecoin). DeFi users should also take note — an 18-19% yield on a DeFi savings protocol leveraging a decentralized stablecoin doesn't come . UST is pegged to the value of the U.S. dollar and is currently the biggest algorithmic stablecoin by market capitalization, with over 11.2 billion UST in circulation. The combined Terra ecosystem has a valuation of over $50 billion. In order to achieve self-sustainability, the protocol will have to find ways . Terra's stablecoin savings account is a month delayed but the project is gaining momentum with over 2 million users on the firm's Chai payments app. . Other topics include Decrypt Media and Cardano struggling to gain adoption. "Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. Terra THT Stablecoin (THB) minted from Luna. UST/USD. . There is actually a Euro Stablecoin in the crypto scene, in fact, there are multiple, and each of them has different methods of maintaining its stability towards the Euro. May 11, 2022, 11:31 AM PDT. A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash.This algorithmic stablecoin failed last year, a Coindesk report has revealed.. Not only did UST become the third largest stablecoin, but Terra's Anchor Protocol for yield farming gained the upper hand from the dominant Ethereum-based DeFi lending protocols. How TerraStables keep their peg, how your funds are safe. Terra. It introduces an easy way for users to gain stable yields from Anchor Protocol and other stablecoin chains. Citing a former engineer at Terraform Labs, Hyungsuk Kang, the report stated that Basis Cash was, in fact, the early works of Terra creators, including Kwon. The stablecoin maintains a peg using the LUNA token that uses mint and burn mechanisms along with arbitrage incentives to maintain peg. Launched in April 2019, Terra's mainnet is designed for decentralized applications that use stablecoin Terra as their underlying currency. LUNA/USD. Terra's move to back its stablecoin with Bitcoin reserves is a major step towards decoupling the algorithmic stablecoin from its fiat anchor. A former Terra Labs employee has reportedly revealed that Terra co-founder Do Kwon was one of the creators of Basis Cash.This algorithmic stablecoin failed last year, a Coindesk report has revealed.. . The gold standard for stablecoin yield farming in the DeFi space lies within the Terra ecosystem. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. Deposits on Anchor are in a free fall (Anchor Dashboard). We project that the USD M1 money supply will grow by 4% p.a. The standard method of doing this is by investing in S&P 500 and basically betting on the American economy doing well. Giao dịch, yield-farming và đầu tư: Hệ sinh thái Terra ưu tiên làm cho các stablecoin của nó trở nên hữu ích cho tất cả người dùng. The native token of the Terra. Terra ecosystems stablecoin TerraUSD is down over 46 per cent as the r ecent market . 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