Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg

Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg
фото показано с : btcmanager.com

2022-11-16 18:00

An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraUSD (UST) peg has concluded that there was no embezzlement…

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Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94

Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following the de-pegging, Colin Wu, a crypto analyst, has reported that the Curve pool for the USDN stablecoin (the USDN-3 pool) is now […] The post Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94 appeared first on Invezz.

2022-5-14 18:45


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Making a Splash

When looking at the Cryptosphere, there are a number of challenges that are immediately present. The maintenance or consistency of the UST (TerraUSD) peg, is one of these challangeds. If a stablecoin cannot hold its peg, the entire ecosystem that is built around it can fail.

2021-11-18 18:00