USDV is native stablecoin of Vader.
When Terra lost its peg, team Vader halted minting to cope.
After many attempts to save, the team failed.
The horrible year for cryptocurrency is ending; this year showed us many events that caused huge suffering for companies, protocols and users alike. One of the incidents was the Terra ecosystem collapse, in which a flawed algorithmic stablecoin led to its collapse.
Another similar incident has come to light; Vader Protocol US Dollar (USDV) will shut down, according to announcements from developers on December 29, 2022.
The app that produces the Vader Protocol US Dollar (USDV) stablecoin will be shut down, according to the announcement from its developers. Vader’s team said they have spent six months trying to find a way to revamp the app to make it more secure. RIP #BTC #ETH pic.twitter.com/XY4SlMDNAE
— MetaCVX (@MetaversoXRP) December 30, 2022
What is Vader?
Vader is a decentralized liquidity protocol that anchors a slip-based fee
We współpracy z: https://www.thecoinrepublic.com/2022/12/31/vader-to-shut-down-usdv-another-algorithmic-stablecoin-fails/
