20% APY on Terra Anchor? Understand the Risks

[@col_invests]

May 2022 Update: Please do NOT use Anchor. $UST suffered a catastrophic de-peg and Terraform Labs are now negotiating with the Terra community on how to move forward.

[@FrederickDecroo]

Hey, I don’t mean to inconvenience you, but could you help me out? I have USDT TRX20 in a wallet with the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). How can I send it to Poloniex?

[@gillespie849]

Awesome guide 👏

[@Moh88888]

Great tutorial!! First video I've seen running through the entire process from your bank account all the way to Anchor. Sharing

[@FrederickDecroo]

Hi, I apologize for bothering you, but might I get some assistance? In my OKX wallet, I hold USDT TRX20 and the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How can I send it to Poloniex?

[@pamelad8532]

Awesome tutorial!!

[@GasquetQuests]

Go Anchor. Terra's got a great ecosystem going. 📈😀

[@RobertDoosh]

LOL

[@michelin7373]

Awesome 👌 Thanks

[@col_invests]

☺️

[@oleksiygutor9327]

Amazing content!!

[@col_invests]

Cheers mate!

[@emdurant1579]

Missed your content. Hope you've been well!! 🥳

[@col_invests]

Been smashed with work, thanks for the support!

[@saint_l205]

Great to see you back mate. Big future ahead for Terra, LUNA and UST.

[@col_invests]

Agreed!

[@FrederickDecroo]

Pardon, but could you help me out here? I keep USDT TRX20 in my OKX wallet with the phrase (clean party soccer advance audit clean evil finish tonight involve whip action). Can you explain how to send it to Poloniex?

[@col_invests]

Where are you saving your stablecoins?!

[@La_Vi_]

As great as it is, the 19.5% APR won't last forever. Once the 500m reserve fund dries up, I don't think we will see another top up and the protocol will be left to function on its own.

[@col_invests]

Good points Ben. Reserve's gonna have issues if the loan demand doesn't ramp up. Do Kwon recently addressed this issue on a Twitter chain

[@La_Vi_]

@@col_invests agreed. Many people just deposit ust on the earn tab and don't know how to fully utilise anchor to use collateral to borrow (or maybe they are just risk adverse)

[@ScottyMaccas]

Anchor's my haven for stablecoins during a sideways market. Terrific walkthrough

[@RobertDoosh]

whoops

[@FrederickDecroo]

Incredible video! I gave it a thumbs up. Can someone help with my issue? In my OKX wallet, I have USDT TRX20 and the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How do I send it to Poloniex?