Tag: Luna crypto

Anchor Protocol: What is it, and how did it destroy the Terra-Luna stablecoins

Anchor Protocol: What is it, and how did it destroy the Terra-Luna stablecoins

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Algorithmically designed Stablecoins Luna and Terra were not always wrecked coins. In December last year, they emerged as a ‘golden investment’ where 1 Luna was worth over $116. Remember, 1 stablecoin is pegged as $1. Luna’s popularity was due to a lending program called Anchor, which promised annual percentage yields (APY) of almost 20 per […]

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