Terra Validator Leaks Chat Revealing How Team Responded to UST Crisis
A Terra validator has leaked the full chat logs of the telegram group where members of Terraform Labs discussed the UST crisis.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
New Layer 1 solutions gained massive adoption in 2021 as crypto hedge funds were diversifying into altcoins, with 45% holding LUNA.
A Terra validator has leaked the full chat logs of the telegram group where members of Terraform Labs discussed the UST crisis.
Local crypto exchanges may be held liable by South Korean regulators for failing to protect investors from Terra's collapse.
Terra’s demise spurs South Korean financial regulators to launch emergency inspections of domestic cryptocurrency exchanges.
CRO briefly misreported Luna's price and reversed trades on both buy and sell side.
Do Kwon endorsed a community proposal that would increase minting capacity in an effort to “absorb the UST more quickly.”
Decentralized stablecoin UST lost its dollar peg, dropping to as low as $0.6841. Meanwhile, its sister token Luna dropped by around 50%.
Over 67% of UST tokens are locked on Anchor because of its generous APY, but analysts claim this is not sustainable.
Terra's use of BTC as a collateral for its stablecoin furthers the idea of it being a modern, digital, and decentralized gold.
Terra's TVL has been steadily increasing as its UST stablecoin and Dapps continue to impress.
Terra (LUNA) and Avalanche (AVAX) have made significant gains in TVL over the last month.