@cryptrus@Cephii1 I think the only way this happens is when mars opens more credit lines and increases existing lines. Protocol is expectedly low for now but it needs to change soon!
@RoundingAgain98 @PhotonMiles @SumoLuna @anchor_protocol Yes, I will 100% select the currency controlled by a single account which can be frozen at any time when governments are close to finalizing regulations around such entities. What could possibly go wrong?
LFG will sell the $UST into the currently unbalanced curve pool. The proceeds of the sale will be used to purchase BTC to grow the current reserve.
LFG!
At the LFG Governing Council’s most recent meeting, the council voted to swap 5M $Luna from the LFG treasury to $UST (around $450m) over the next 2 weeks.
Due to the high demand in UST, the maximum amount is being minted by the protocol everyday. As a result, people have turned to the curve pool to get their UST, which has caused the curve pool to become unbalanced.
@WestieCapital While i dont think ANC will last i think you underestimate where TVL will go when incentives go away. For perspective AAVE POLYGON has a 40% TVL drop when WMATIC incentives dropped off. https://t.co/aOIGTTVs4j
@OllieJStrong@WestieCapital Anchor has no way long run to outperform other savings protocols. Theres no way to sustainably provide yield in the current format. ANCHOR runs on TFL's generosity.
@danku_r with my first tweet I have my newest LUNA degen strat with Edge protocol
Provide AUST
Borrow UST
Buy LUNAX
Appreciation of AUST + Borrow cost of UST should net out and you keep staking rewards!
Might take a little patience with depositing in edge!