Terra-Based DeFi Protocol Anchor Proposes Cutting UST Yield Rates to 4%

Anchor Protocol Reserves Slide as Money Market's Founder Talks Down Concerns

“One significant factor for today’s depeg was the release of Terra’s stability reserve into the Anchor reserve every time it was depleted, introducing newly minted UST that was not supposed to be there into circulation,” Hong wrote, explaining UST’s price plunge on Wednesday.

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