'Everything broke': Terra goes from DeFi darling to death spiral - The Australian Financial Review

All of the mechanisms that were supposed to keep TerraUSD, or UST, stable have collapsed this week.

But on Monday, all of the mechanisms that were supposed to keep UST stable, werent it fell to a low of 60 cents on that day, and reached a further low of around 20 cents in another crash on Wednesday… [+2530 chars]

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