In the past 72 hours, investors in the cryptocurrency space have experienced one of the largest shockwaves throughout the history of cryptocurrency. Terra's UST, one of the largest stable coin by market cap has lost its peg to the US Dollar and has failled to recover. It has also brought down Luna, the cryptocurrency that was supposed to help re-peg UST based on the algorithm design. The impact of this collapse has also affect many other cryptocurrencies as well.
If you have invested in UST to park it in Anchor Protocol for the luring 20% yield, I have one question for you.
Are you feeling okay?
Losing my money when UST collapsed
If you have read my past article, "How I am adding cryptocurrencies into my savings and investments in 2022", you would know that I have invested some money into the Anchor Protocol.
While I have 50% of my bond alternatives in stable coins, I diversified them into a 50-50 split...