Extreme Platform Luna Oracle

Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols

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Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market.

The protocol lost around 78% in TVL since the first quarter of 2022. De-pegging ofUST, the protocol’s stablecoins made the situation worse.Following this, different other platforms, exchanges such asBinance suspended LUNA’s interaction over extreme market conditions.Chainlink halted the price feed due to extreme market conditions with the LUNA token.

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