Kevin Whitsitt
Anchor Protocol! 3 Dangers?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:06:41
- More information
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Synopsis
Click on the link below for more... https://www.trustthelink.com/is-anchor-protocol-crazy-interest-sustainable-2-reasons/ Hey wutzup, When it comes to crypto there are a lot of different ways to earn money. With something called the Anchor Protocol someone can earn 19.46% interest on a stablecoin. A stablecoin means it's stable and usually pegged to the dollar. Think about that? That's a crazy interest rate, right? You might be wondering what's the catch right? There are 3 risks with this project that I wanted to talk about. Everything is risk and reward and knowing both is a good thing. The "largest" risk with this project is the fact it has enough money to pay out the "Anchor" interest rate at 19.46%. You can see how the yield reserves have been slowly going down until you see a LARGE increase. This large increase is because members voted on filling the reserve with 450 million UST from the Luna Foundation Guard, it's a fu