Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on May 12, 2022, 01:48:31 PM

Title: Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Position
Post by: sirty143 on May 12, 2022, 01:48:31 PM

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

(https://i.imgur.com/nUJgpokm.jpg)

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. See more for yourself here (https://news.bitcoin.com/terra-fiasco-stirs-value-locked-in-defi-lido-anchor-plummet-to-lower-positions/).

Your opinion is greatly appreciated.

Title: Re: Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Position
Post by: mohdelayo on May 12, 2022, 11:05:41 PM

This is quite a heavy storm, its even stronger for DeFi products in Luna blockchain. The Luna storm coincided with BTC massive landsliding and thus causing the impact to be this severe. I saw Luna at 0.009 USDT, perhaps it even went lower. I feel so sorry for enthusiasts that fell victims to this chaos!