Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps

Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate. The meltdown of the stablecoins  Currently valued at over $50 million by market capitalization, DEI is a hybrid algorithmic stablecoin from DEUS Finance, a DeFi Protocol.  DEUS Finance uses two tokens […]