Horizon

Horizon

Building games for the new decentralized network, where the new dimension of the game belongs to its players, built on Ethereum.

A DeFi project misappropriated customer funds to invest in Anchor and caused huge losses, and changed the user's USD to UST: According to news on May 19, according to Twitter user FatMan, the DeFi project Stablegains obtained USDC and USD (US dollars) from customers through wire transfers. Staking, and promising them a 15% return, but without telling them, putting all that money into the Anchor, and then only withdrawing 4% from the top. They have now changed the denomination from USD to UST in their app and are doing away with the login page and removing the old terms. Their operations resulted in 4,878 customers losing $42 million, and likely not being able to pay it back, because they bet all their money on Anchor. [2022/5/19 3:28:25]

Acala and Anchor Protocol reached a cooperation to connect Terra and Polkadot DeFi ecology: On April 13, Polkadot DeFi platform Acala announced a cooperation with Terra ecological fixed interest rate agreement Anchor Protocol to improve the decentralization of Terra and Polkadot ecosystems to optimize the stablecoin space.

Initially, Acala and its Kusama-based parachain Karura will help Anchor expand collateral options for the UST stablecoin through Liquid DOT (LDOT) and Liquid KSM (LKSM).

Acala and Anchor will focus on cooperating to provide a high liquidity pool for aUSD and UST on Acala. This will be the gateway for UST users to enter the Polkadot ecosystem. The parties will also work on more integrations and deployments in the Acala and Terra ecosystems.

In addition, users of Polkadot and Kusama networks will be able to obtain Anchor benefits with the help of LKSM and LDOT. The first step towards this goal is to transfer their liquid collateral assets to Terra via Wormhole. Then, users can provide LDOT or LKSM as collateral to borrow UST on Anchor. (CryptoPotato) [2022/4/13 14:22:15]

News | EOS Authority reviews all codes of resource exchange REX Block.one fixes serious bug found: EOS node EOS Authority reviews all codes of resource exchange REX and finds a serious bug, which has now been fixed by Block.one. The first round of testing on REX lasted 35 days, due to the 30-day lending cycle. [2019/1/26]

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