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• 23:03, 11 May 2022 Moleman talk contribs created page The Great Depegging (Created page with "'''The Great Depegging''' was a period of significant volatility due to Terra’s stablecoin UST depegging. In early May 2022, the wider cryptocurrency and traditional finance markets were experiencing sell-offs. With uncertainty in the market, from May 7th to May 11th, Anchor’s UST deposits depleted from $17b to $2.6b.<ref>https://defillama.com/protocol/anchor#</ref> This caused major pressure and lack-of-confidence on UST’s $1.00 peg, which eventually brok...") Tag: Visual edit