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Terra’s dominant DeFi protocol may need another bailout soon
Quick Take
- A failsafe reserve used by high-yield lending protocol Anchor Protocol has declined by over 43% in the last month.
- The protocol is hoping to try to find an equilibrium to stay afloat but it may need another influx of cash.
The backup reserve that Anchor uses to keep paying lenders a 19.5% interest rate is on track to run out in less than two months.
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