ChainCatcher news, the algorithmic stablecoin project Vader Protocol announced its decision to terminate the project and will return the funds owned by the protocol and the team to VADER and USDV holders. Vader Protocol explained that the UST collapse severely impacted the overall viability of the protocol, as its stablecoin USDV uses the same burn mechanism. As a precaution, the Vader team suspended the burn-mint function on VADER-USDV and will study ways to rebuild the algorithmic stablecoin over the next six months, but unfortunately, the team has not made breakthroughs in socially capital-efficient algorithmic stablecoins. (Source link)