December 29, 2020: $UST Terra leaves Earth ππ + Mirror, $sUSD, $BUSD
Keep Ahead of the Curve
Here are todayβs trends to watch from Curve Market Cap:
Big moves in the $UST pool, which saw $2.4MM in daily volume on a pool of $2.8MM in total reserves.
$UST is the stablecoin backing the Mirror Protocol, which is currently launching a decentralized stock futures trading platform. Relative to Synthetixβs 750% collateralization requirement, Mirror only requires 150%, capping potential upside to offer lower barriers to entry.
$BUSD is also on a bender, with the daily APY peaking above 12%.
With so much activity around the Binance ecosystem itβs always tough to speculate on the cause, but many people have noticed lately that Binance has quietly dropped Tether in favor of $BUSD for many of its default trading pairs:
For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/