It’s not useless to use a Ledger wallet in the

Question

It’s not useless to use a Ledger wallet in the

sense that you are keeping track of the aUST that you receive. Your aUST is like an IOU that grows in valued over time. When you sign the smart contract with Anchor, you are agreeing to LEND your UST to the protocol and the protocol gives you aUST proportionate to amount you lent. The value of aUST is kinda irrelevant - it’s a place holder for your deposit. You are essentially the bank, Rod. You’re giving someone your UST and getting paid interest to loan it out. You should protect you aUST the SAME WAY you would protect your UST because it’s just as valuable (if not more so!) does that make sense? Just because you don’t have your UST doesn’t mean the token you receive (aUST) is not worth protecting.

#anchor #cryptocurrency #english

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21.12.2021