DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

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< img src ="https://www.coindesk.com/resizer/i-zxtGGkErVNW_dPnY21a1oW464=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EIEPCWIL5VGFFCXFK6CIQ2K2DA.jpg"alt=""> A popular trade involves users transferring UST into the Anchor protocol, where the tokens are consequently pooled and provided out to interest-paying debtors. The accumulated interest is then distributed pro rata to all depositors, who expect to earn an annual portion yield (APY) of 20%.

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