Waves Labs has reported that Futures data revealed that a DAXA warning on Dec. 8 did more harm to the WAVES token than the depegging of the USDN stablecoin “ever could.” The Open Interest ...
Tag: DAXA
Waves Break Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg
It has been a tough year for algorithmic stablecoins. Historically, these pegged tokens have failed to maintain a grip on $1, especially under extreme selling pressure. But the Terra collapse has been...