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Re:UST Stablecoin Loses Dollar Peg by corndoge on Monday May 09, 2022 @09:26PM (#31322267)
2 days ago it was 17.5%. The rate used to be fixed at 20% (until last month) and was recently changed to variable. Today the rate is up because a lot of people removed UST from Anchor (deposits decreased by about 50% since Friday). Less depositors collecting interest from the yield reserve.

OP implied the fixed 20% rate is what is currently offered, but that is not true, the rate is variable.

Re:UST Stablecoin Loses Dollar Peg by charcircuit on Monday May 09, 2022 @10:16PM (#31322622)
That makes sense.