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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker gets a boost as traders look for other decentralized stablecoin options.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker gets a boost as traders look for other decentralized stablecoin options.

Why this matters

This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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