@arakouzo for LUNA I’m looking for appreciation in the underlying asset.
Mirror my APYs were 90%+ on mTSLA, mAMZN etc. Now that the platform has gained some attention they’re closer to mid 30s.
There’s almost always a nonzero risk of total loss on crypto / defi investments.
@Zavss LUNA is the counterpart to UST which is the best decentralized stablecoin on the market. When someone mints $1 of UST, $1 of LUNA is burned.
This means LUNA supply is deflationary over time as UST gets adopted.
@arakouzo I think you answered your question in another comment.. you’re compensated for the risk. There’s risk for being on the terra ecosystem, and there’s platform risk for each respective protocol. I don’t stake anything in anchor because the rewards aren’t risk adjusted IMO.
However for mirror, Luna, etc, the potential returns become worth it for me.
@Godblessusall It’s called analysis paralysis. Your post shows me youre over thinking.
lift, read, make money, talk to cool people. It’s that simple
I lost 90% of my guys friends during this pandemic because when push came to shove, they became pussies
Can anyone relate?
How can I make more friends when I can’t trust vaccinated mask wearers?
@arakouzo anchor is cool. ~20% on stable. I genuinely believe it is the future of finance.
However There are better yields on terra, I use Mirror protocol with Apollo auto compounder to farm synthetic stock LPs
@Zavss overvalued compared to total value locked, which I believe is … zero.
Luna is third in TVL but not even in top ten coins
@Mumisnotokay buy a rice cooker, 2 cups jasmine rice, 2.75 cups water. Before cooking, rinse the rice until the water is clear. Add butter or oil and salt once cooked