Hello good afternoon ,i have a question. If i put

Question

Hello good afternoon ,i have a question. If i put

my bETH on Anchor i will earn 15.86% on ANC right? and i can still borrow UST out of it? and put that into UST Earn to make additional 20%??? Or if i borrow money i dont make any ANC?

#anchor #cryptocurrency #english

0

21.02.2022

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Daniel Lux🐋🐳 WILL NEVER DM FIRST

if you borrow you need to pay interest on your borrow

0

21.02.2022

believer

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Let's see. I haven't actually dealt with bETH pers...

I didnt know beth appreciates in value in comparison to eth - I actually thought if we move our beth to steth with lido then we could end up with less steth due to slashing - i dont think beth works like aUST where it appreciates in price -

0

21.02.2022

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believer
I didnt know beth appreciates in value in comparis...

It's entirely possible I'm wrong. Hopefully someone corrects/confirms

0

21.02.2022

believer

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It's entirely possible I'm wrong. Hopefully someon...

yes i think your wrong - i use beth it just represents your staked eth - and then you get rewards for staking - you get 1 steth for 1 eth (unles syou buy on open market) but when you do go to convert it back to eth you could actually end up with less due to slashing

0

21.02.2022

Accepted Answer

Let's see. I haven't actually dealt with bETH personally, but my understanding is that you won't receive staking rewards for it, but it will continue appreciating vs. ETH until you decide to exchange it back. If you take UST loan against it you can either put it in Earn to gain UST, or trade it for ANC and stake it for more ANC, or trade half of it for ANC and stake ANC-UST LP. If @mayankgrover733 for instance is around perhaps he can correct me if I'm wrong

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