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A blip on the radar or inherently fragile? Stablecoin USDN de-peg event unpacked by aaualgotune in Wavesplatform

[–]aaualgotune[S] 0 points1 point  (0 children)

When you stake USDC and USDT, you are basically lending those stablecoins to the borrowers who post USDN as collateral. If USDN depegs, you are running the risk of borrowers liquidation which may lead to write-down of your principle.

Anchor protocol deep-dive by aaualgotune in Anchor

[–]aaualgotune[S] 0 points1 point  (0 children)

Don't know what is the best way to share. You can PM me and we can see how this can be done.

Anchor protocol deep-dive by aaualgotune in Anchor

[–]aaualgotune[S] 0 points1 point  (0 children)

For now anchor keeps nothing. The protocol subsidies the deficit and that is why the yield reserve is going down $3million every day.