In an investor letter sent out in May, Arca revealed that the fund had exposure to Terra’s collapsed terraUSD (UST) stablecoin. The exposure didn’t force the closure, said the source, but was rather an example of the market turbulence that shifted Digital Yield’s risk-reward balance. Arca remains open to launching a similar product in the future, according to the source.
Sourced from cryptonews.net.
