Forwarded from Tidal Announcements Channel
🛡UST de-peg coverage update🛡
Dear community, we have been monitoring the UST de-peg situation and in preparation for the legible claims. As stated in cover policy -
1️⃣"De-pegging: when insured assets, e.g. UST, trade below $0.85 on a 5 day time weighted average price. Policyholders can exchange any amount of insured UST to the collateral stable coin, USDC."
2️⃣UST dropped below 0.8 on May 10th, reference
https://www.coingecko.com/en/coins/terra-usd/historical_data#panel
3️⃣Once the 5 days condition triggers, current policyholders are eligible for payout.
4️⃣Policyholders who purchased the coverage before May 10th will be valid. Since new purchases take one week to become effective, purchases after May 10th are not valid and won’t be charged. UST coverage purchase will be temporarily paused.
5️⃣In preparation for the claim process, we have collected the eligible policyholders’ addresses with coverage purchase records. There is a small amount of purchased coverage (~10% of the collateral pool).
6️⃣Policyholders are required to exchange UST for USDC up to the covered amount.
Dear community, we have been monitoring the UST de-peg situation and in preparation for the legible claims. As stated in cover policy -
1️⃣"De-pegging: when insured assets, e.g. UST, trade below $0.85 on a 5 day time weighted average price. Policyholders can exchange any amount of insured UST to the collateral stable coin, USDC."
2️⃣UST dropped below 0.8 on May 10th, reference
https://www.coingecko.com/en/coins/terra-usd/historical_data#panel
3️⃣Once the 5 days condition triggers, current policyholders are eligible for payout.
4️⃣Policyholders who purchased the coverage before May 10th will be valid. Since new purchases take one week to become effective, purchases after May 10th are not valid and won’t be charged. UST coverage purchase will be temporarily paused.
5️⃣In preparation for the claim process, we have collected the eligible policyholders’ addresses with coverage purchase records. There is a small amount of purchased coverage (~10% of the collateral pool).
6️⃣Policyholders are required to exchange UST for USDC up to the covered amount.
CoinGecko
TerraClassicUSD Price: USTC Live Price Chart & News | CoinGecko
Updated 12 January 2023: Current price of TerraClassicUSD is USD $0.021150537989 with a 24-hour trading volume of $7,513,414. USTC price is down -0.4% in the last 24 hours.
Forwarded from PraSaga Official Announcements
Join our EVP and Chief Alliance Officer Nicole Colwell for the Web3 Equality Lounge 🔥
PraSaga is beyond excited to participate in a #panel on #gender representation in disruptive technologies.
We are grateful for the immense support of our partners who organize the event:
📍 Unstoppable Women of Web3 - a diversity and education group focused on training the next generation of crypto talent.
📍 Female Quotient - an equality services company that provides a platform for organizations and individuals to voice their opinions and build solutions for gender equality.
Connect with the female pioneers in #web3 and build relationships with the emerging #leaders of tomorrow!
🕑 Time: 2 - 6:30 pm CT, June 9
🗺 Place: Consensus, Austin, TX
More info: https://bit.ly/3NfsRNb
#womeninweb3 #womenintechnology #womeninblockchain #consensus2022 #disruptivetechnologies
PraSaga is beyond excited to participate in a #panel on #gender representation in disruptive technologies.
We are grateful for the immense support of our partners who organize the event:
📍 Unstoppable Women of Web3 - a diversity and education group focused on training the next generation of crypto talent.
📍 Female Quotient - an equality services company that provides a platform for organizations and individuals to voice their opinions and build solutions for gender equality.
Connect with the female pioneers in #web3 and build relationships with the emerging #leaders of tomorrow!
🕑 Time: 2 - 6:30 pm CT, June 9
🗺 Place: Consensus, Austin, TX
More info: https://bit.ly/3NfsRNb
#womeninweb3 #womenintechnology #womeninblockchain #consensus2022 #disruptivetechnologies