Terra
Dogecoin, Terra Fall Steepest Among Major Cryptos as Long Traders Lose $280M
Digital assets lost 3.5% in capitalization over the past 24 hours but gradually recovered during European morning hours on Wednesday.
Fireblocks Sees $500M Stampede Into Terra DeFi in First Week
Pent-up demand for Terra’s ecosystem among Fireblocks’ early access program hedge funds and wealthy investors has been “crazy.”
Decentralized Forex Is Coming to Terra: Vertex Protocol Raises $8.5M
The protocol seeks to expand DeFi liquidity to non-U.S. dollar pegged stablecoins.
Crypto Funds Saw Minor Outflows Last Week
Some $7 million flowed out of digital asset funds in the week through April 22.
How Luna Foundation Guard Became the ‘Most Followed’ Bitcoin Whale
CoinDesk Reporter Krisztian Sandor discusses the Luna Foundation Guard’s bitcoin reserves for the UST stablecoin, noting the nonprofit organization as the “most followed whale,” holding almost as much BTC as Tesla. Sandor explains LFG’s role in the Terra blockchain ecosystem, algorithmic stablecoins, and the possible risks of UST.
Bailout Fund, Backstop or Bouncy Ball? Here's How LFG's Bitcoin 'Reserve' Might Work
Developers of the fast-growing UST stablecoin say the coin's $1 value peg isn't "backed" by anything – just a blockchain-based algorithm. So why does it need a multibillion-dollar bitcoin reserve in case of an emergency? How would that work?
‘Built to Fail’? Why TerraUSD’s Growth Is Giving Finance Experts Nightmares
The Terra/Luna blockchain is growing at a blinding pace. At its heart, according to some critics, is a ticking time bomb.
The Risks Behind LUNA-UST Stablecoin, According to a Bearish Academic
The Terra ecosystem's breakout success may be "unsustainable," University of Calgary law professor Ryan Clements said on CoinDesk TV's “First Mover.”
Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M
Frax is working on supporting Fantom projects interested in joining the yield pool, its founder confirmed.
Systemic Risks in Terra LUNA Ecosystem
Professor Ryan Clements of the University of Calgary discusses the dynamics of the Terra LUNA ecosystem as UST becomes the third-largest stablecoin. Clements explains the systemic risk issues of the UST stablecoin and the Anchor protocol’s role in maintaining traction. Plus, a conversation about outside investments and Terra’s bitcoin reserves.
