¿Efecto dominó? Otra stablecoin que pierde su paridad con el dólar después del controvertido colapso de UST, de Terra.
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Amidst what appears to be a trend of widespread volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. among the stablecoins another U.S. dollar-linked asset was volatile on Monday.
DEI, an algorithmic stablecoin native to the Decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. Finance Protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. (DeFi) DEUS Finance The U.S. dollar lost its parity with the dollar on Monday. falling to lows of 50 cents . The asset, which is expected to maintain a stable price of USD $1, started declining on Sunday and has been volatile since then. At the time of writing, it was trading at USD $0.65, according to CoinMarketCap .
El suceso se produce after the collapse of UST the algorithmic stable coin of Earth a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. project that plummeted last week after its dollar-linked asset lost parity. The events, which saw LUNA, the native token of Earth The market’s decline from $80 to zero in a matter of a few hours has negatively impacted the rest of the market.
Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ha luchado por recuperar los USD $30.000 mientras las principales criptomonedas registran pérdidas notables desde el controvertido incidente de Earth . In the meantime, other stablecoins including Tether (USDT) and the new USDD, from Tron , también han enfrentado dificultades para mantener su paridad con el dólar.
How does the DEI stablecoin work?
Similar to UST, DEI is an algorithmic stable coin that works through a mechanism of minting and burning destroying a certain number of digital coins to reduce their issue. This method is used to fight inflation and increase the value of cryptocurrency. All token burning transactions are recorded in the blockchain as a transaction. Therefore, anyone can verify that the coins were destroyed. DEUS, its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. brother, to maintain parity with the dollar. However, unlike the stablecoin from Earth DEI is a collateralized asset in other currencies besides DEUS, such as USD Coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. ( USDC ), Fantom (FTM), DAI y WBTC.
As he explains Decrypt If you do not have an EAD, users can always mint 1 EAD by depositing USD $1 in collateral. The warranty can be USDC de Circle FTM, the currency estable DAI of MakerDAO WBTC (the wrapped version of Bitcoin ) or a combination of DEUS and USDC. The collateral ratio between USDC and the native DEUS token is 80%.
When DEI is minted, the underlying collateral collateral is any asset that a lender accepts as a form of security to ensure that the borrower repays a loan. is burned, while when DEI is redeemed, the underlying collateral is burned. stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. por dicha garantía, también se acuñan tokens DEUS. Por ejemplo, si se acuña DEI usando USDC como garantía, al canjearlo el usuario recibiría 80% en USDC y 20% en DEUS.
DEUS Token also falls
Along with the stablecoin, the DEUS token has also fallen in price. According to data from CoinMarketCap the project’s native currency currency is a medium of exchange that defines value. has dropped just over 10% in the last 24 hours and is quoted at USD $262 by the time of editing. Before the fall, the price of DEUS had rebounded to touch $321 a unit.
The price drop of your token hermano podría estar afectando la paridad de DEI. Entretanto, como una forma para to reduce the risk of collapse, the equipment of the DEUS Finance has halted the swap process to help stabilize the currency. Also announced that the currency would be fully guaranteed and assured that parity will be restored in the next 24 hours.
Beyond the most recent events in the market, the ecosystem of DEUS Finance has experienced other difficulties that could now be affecting its stable currency. Over the past two months, its DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. suffered two hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. attacks product of flash loans , que drenaron más de USD $30 millones en criptomonedas.
- Luna Foundation Breaks Silence: Says How Much It Spent to Defend UST (but Failed)
- “I Lost All My Savings”: Investors Share Their Experiences After LUNA and UST Crash
- Binance’s CZ changpeng Zhao (CZ) is the founder of crypto exchange Binance. says Axie Infinity handled its crisis better than Terra did with UST
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
