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Tether’s Paolo Ardoino on UST: ‘It’s All F...

Tether’s Paolo Ardoino on UST: ‘It’s All Fun and Games’ Until You’re a $100B Coin

The Anchor protocol, a decentralized savings protocol based on the Terra blockchain, offers a comparably high yield of 19.5% on UST deposits. Terra must therefore maintain that yield. If it doesn’t, UST holders could rapidly try to sell their tokens. In turn, that could raise the risk that there’s not enough liquidity in the market for everyone to exit at the same time, some analysts and traders have argued.



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