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Market Cap:
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CoinGape
2022-05-19 10:39:55

Terra Crash Causes Ripple Effect Among Crypto Startups, Here’s How

Terra Crash Causes Ripple Effect Among Crypto Startups, Here’s How

Crypto startup StableGains, which offered customers access to DeFi yields, may be in trouble after putting a bulk of its funds into Terra. The firm offered depositors a 15% yield by locking their funds into Terra’s Anchor Protocol. This was done by converting customer funds into UST. But after UST crashed, the firm is now The post Terra Crash Causes Ripple Effect Among Crypto Startups, Here’s How appeared first on CoinGape.

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