Anchor protocol is destroying Terra and Luna stablecoins
Stablecoins created using algorithms, the coins Luna and Terra were not always ruined. They became a “golden investment” in December of last year, with 1 Luna worth almost $116. 1 stablecoin equals $1. Luna’s success stemmed from a financing scheme named Anchor, which offered obscenely high annual percentage yields (APY) of around 20%. The Anchor … Read more