Two key takeaways from Nansen’s UST stablecoin depeg report By Cointelegraph

Because the mud settles on the cataclysmic collapse of the ecosystem, an on-chain deep-dive carried out by blockchain analytics agency Nansen highlights two main takeaways.

The cryptocurrency ecosystem was awash with various speculatory theories round the reason for Terra’s algorithmic stablecoin UST’s decoupling from its $1 peg. The who and why appeared a thriller however the final result was catastrophic, with UST dropping nicely beneath $1 whereas the worth of Terra’s stablecoin token plummeted in worth consequently.

Attackers preyed on shallow Curve liquidity to take advantage of arbitrage alternatives

Seven wallets central to UST’s depeg