A designer of Anchor, the lending and borrowing protocol on Terra blockchain, alleged that Terraform Labs CEO Do Kwon increased interest rates from 3.6% to 20% a week before its launch. The Anchor developer told Korean media outlet JTBC, “Just before the release, I suggested to CEO Kwon Do-Hyung that the interest rate should be […]The post Do Kwon Reportedly Hiked Interest From 3.6% To 20% A Week Before Terra Launch appeared first on Vauld Insights.
