It looks like it is getting too expensive to borrow

Question

It looks like it is getting too expensive to borrow

now on Anchor. Currently at 3.66% & steadily rising. Now cheaper to borrow from traditional banks. Will be paying off my borrow for this reason. Not good news for the Protocol. I'm convinced this has been caused by alterations done in recent major protocol upgrade. How do others reading this feel?

#anchor #cryptocurrency #english

0

15.01.2022

5 ответов

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Wage slave ❤️

It was never sustainable, my fellow degen. You take out a loan against Luna, get UST and put it into Anchor for 20% APY. Anchor is not for borrowing and taking it elsewhere, it's for making money with degen strategies and reinvestments into the protocol itself. It's a clever Ponzi.

0

15.01.2022

Paul Metcalfe Автор вопроса

Now the Borrow Net APR is 4.01% !!!! This is getting ridiculous. Can I hear from an ADMIN about this? Would love to know their thoughts. Is there a limit or could this continue indefinitely? Could we be seeing it rise to say 10% +?

0

16.01.2022

Paul Metcalfe Автор вопроса

Wage slave ❤️
It was never sustainable, my fellow degen. You tak...

I'm sorry I respectfully disagree. A loan is a loan is a loan. The very title on the tab says it all 'Borrow'. Nowhere does it say or even imply that the loan is to be used inside or outside of the system. It is my hard earned cash converted to Luna I am using as collateral. I personally don't see it as any type of ponzi scheme either.

0

16.01.2022

Larry

Paul Metcalfe
Now the Borrow Net APR is 4.01% !!!! This is getti...

+1

0

16.01.2022

Jamie · Accepted Answer

Jamie

That’s more probably a function of the token price. The higher the prices the better the compensation in anc rewards for borrowers. But I agree it is a long term issue which needs to be addressed.

0

15.01.2022

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It looks like it is getting too expensive to borrow

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