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Terra's dominant DeFi protocol may need another bailout soon

www.theblockcrypto.com

Quick Take A failsafe reserve used by high-yield lending protocol Anchor Protocol has declined by over 43% in the last month. The protocol is hoping to try to find an equilibrium to stay afloat but it may need another influx of cash.

Bitcoin LUNC
$ 0.00015541

Timeline of Terra-luna


Another New Stablecoin? This Blockchain Will Compete With Terra, Near - Coingape

After Tron and NEAR Protocol announced decentralized algorithmic stablecoin plans, IOST has now joined other crypto platforms to dive into the algorithmic stablecoin space. The success of Terra's UST stablecoin has led to new entrants exploring this important asset class in the crypto market.


Terra(LUNA) Price May Range Nearly 8% & Close Today's Trade Above $85, But There's A Catch! - CoinPedia

The crypto space yet again witnessed a sudden drop which was fueled by the hiked interest rates by the FED. Initially, the market responded positively, but with the start of the US stock market, the global markets including cryptos witnessed a huge dump. Amid the sell-off, the LUNA price also witnessed a steep drop but …


LUNA Is Preparing For A Recovery As 3 Key Metrics Show - DCForecasts

LUNA is preparing for recovery as three key metrics show but it is still far from its ATH so let's have a look at the altcoin news today. LUNA's price lost 31% over the past four weeks and erased all of the gains that it accrued year to date and though the token continues to


Terra (LUNA) Towards A Recovery Zone! LUNA Price To Reclaim $90 Level, Here's Why - CoinPedia

In the early hours today, Bitcoin had reclaimed the $40,000 range before slightly sliding down towards the $39,500 level. However, the flagship currency is still on a green candle posing as a ladder for Ethereum and other altcoins to have a bull rally. Among many such altcoins is Terra (LUNA) Price which is down by …


Do LUNA HODLers have a reason to smile with new ‘Expedition' - AMBCrypto

Inspired by Pokémon GO, Expedition is Terra based Play-to-Earn Augmented Reality (AR) game that recorded 65,000 waitlist signups on the 27 April being its first day. While leveraging the AR technology, the game allows its players to earn $LUNA.


Terra's Largest DeFi Platform Just Cut Yield Rates, Here's Why: - Coingape

Anchor Protocol, the largest DeFi platform on Terra, recently reduced its annual yield rates in a bid to improve the platform's sustainability. The move comes after users approved a proposal in March to introduce dynamic interest rates.


Fireblocks Introduces DeFi Support for Terra, Allocates $250M in Liquidity into Terra Web3 Ecosystem - CrowdFundInsider

Fireblocks, the provider of digital asset and crypto technology, recently announced that it has become the first platform to launch institutional DeFi access to Terra, “the second-largest decentralized finance (DeFi) protocol by total value locked (TVL).” Now, Fireblocks customers can “securely access all of the.


Terra Price Prediction: LUNA Price Sink 8%; Time To Rebound? - Coingape

LUNA price opened the session higher with a constructive candlestick but erased all the gains as the day proceeded. The price fell like a pack of cards in a highly volatile session.


Terra's LUNA Tumbles, Why This Could Be Bad For The UST Stablecoin - Coingape

Terra's native token LUNA slumped over the past week as a broader downturn in the crypto market hit the token particularly hard. It is the among worst performing tokens among the top-10 cryptocurrencies in the past week.


Possibilities Of Terra (LUNA) Price Hitting $100, This is what Traders Can Expect - CoinPedia

Since reaching an all-time high of $119.55 on April 5, Terra (LUNA) has been declining. On April 18, the coin hit a low of $75.67. Since then, the price has risen. Above the $102 region, the all-time high and subsequent decrease have created a bearish divergence. LUNA was predicted to confirm the $102 area as …

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