Terra’s dominant DeFi protocol may need another bailout soon

Quick Take

  • A failsafe reserve used by high-yield lending protocol Anchor Protocol has declined by over 43% in the last month.
  • The protocol is hoping to try to find an equilibrium to stay afloat but it may need another influx of cash.

This feature story is available to
subscribers of The Block News Plus.
You can continue reading
this News Plus feature on The Block.