Calm Yourself, USK is not UST

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If you’re tempted by the high yields on Kujira’s USK stablecoin, but concerned about another Luna this video is for you. USK is not UST, and we’ll cover all the differences.

In this video we cover:

  • Overview of UST, the failed algorithmic stablecoin on Terra (now known as USTC)
  • Overview of USK, the decentralized overcollateralized stablecoin on Kujira
  • The difference between USK and UST, and why USK is more robust
  • Overview of Anchor protocol, a lending and borrowing protocol on Terra
  • Overview of Ghost, a lending and borrowing protocol on Kujira
  • The difference between Anchor and Ghost, and why Ghost is more sustainable
  • Risks involved in USK