So i understand the steps involved to borrow UST from

Question

So i understand the steps involved to borrow UST from

bLuna to then buy more bLuna (or another coin or stake the UST etc..) but i dont know the when and the why for it, so right now for example Luna is really low so i could borrow some UST to buy some more bLuna but is this the correct or smart way to use this tool? Not looking for financial advice just info 🙂

#anchor #cryptocurrency #english

0

07.05.2022

5 ответов

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Twinkletoes Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
You can even borrow UST and put it into Anchor ear...

Yeah but becuase Luna is so low i'm not getting a huge amount if i borrow UST, maybe if i cycle it through a couple of times and dance with the liquidation devil i'll generate something decent haha. But your right that is one option, i guess i'm looking for advice on the best ways to use the Anchor tool in this horribly bearish situation we find ourselves, i just have bLuna sitting there doing very little right now

0

07.05.2022

Mayank Grover (Will never DM first or ask for funds)

Twinkletoes
Yeah but becuase Luna is so low i'm not getting a ...

That's correct, but when price of bLUNA increases your borrow ratio decreases leads to be more safe.

0

07.05.2022

Twinkletoes Автор вопроса

Mayank Grover (Will never DM first or ask for funds)
That's correct, but when price of bLUNA increases ...

Yep, just need to time the turn-around hey, i mean it can't go much lower right RIGHT 👀🙈

0

07.05.2022