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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://hachyderm.io/users/molly0xfff/statuses/113795014030613643">Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 09-Jan-2025 07:08:40 JST</a><a href="https://hachyderm.io/@molly0xfff" title="molly0xfff@hachyderm.io"><img src="https://gnusocial.jp/avatar/34789-48-20230824095227.webp" width="48" height="48" alt="Molly White" style="position: absolute; left: 0; top: 0;">Molly White</a></section><article><p>filed under “Reddit comments that didn’t age well”</p><p><a href="https://hachyderm.io/tags/crypto" rel="tag">#crypto</a> <a href="https://hachyderm.io/tags/cryptocurrency" rel="tag">#cryptocurrency</a> <a href="https://hachyderm.io/tags/Terra" rel="tag">#Terra</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4337560#notice-8480338">In conversation</a><time datetime="2025-01-09T07:08:40+09:00" title="Thursday, 09-Jan-2025 07:08:40 JST">about a month ago</time> <span>from <span><a href="https://hachyderm.io/@molly0xfff/113795014030613643" rel="external" title="Sent from hachyderm.io via ActivityPub">hachyderm.io</a></span></span><a href="https://hachyderm.io/@molly0xfff/113795014030613643">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/3871195">u/tjnich04 avatartjnich04•4y agowhat are we risking by placing UST into anchor and earning 20% APY? is the only risk in trusting anchor to not rug pull? how legit is anchor?Upvote3DownvoteAwardShareSharealleyehave•4y agoAnchor is designed and orchestrated by the team behind all of Terra. And if you do 5 minutes of homework on that and the VCs that back them, you'll know its legit. But yes, the biggest threat is a rugpull, and that risk is as minimal as possible in the defi space with the Terra team.Upvote4DownvoteAwardShareShareu/FearTheSid avatarFearTheSid•4y agoBy the power of defi my friend. You realize that banks could give you 20% apy and they would still be making profits right?Upvote3DownvoteAwardShareShareu/PtiCon avatarPtiCon•4y agoBe more specific please. How? Where these 20%++ come from ? Who pays 20% to the bank and is happy with that to do it again and again, and why?I see a lot of luna enthusiast saying this specific sentense but i dont get it and no one has been able to explain so far.Wouldnt be all just hoping?Thank you.</a></label><br><a href="https://media.hachyderm.io/media_attachments/files/113/795/013/920/899/395/original/49844821ebe7cb90.png" rel="external">https://media.hachyderm.io/media_attachments/files/113/795/013/920/899/395/original/49844821ebe7cb90.png</a></li></ol></footer></blockquote>

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Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 09-Jan-2025 07:08:40 JST Molly White
filed under “Reddit comments that didn’t age well”
#crypto #cryptocurrency #Terra
In conversationabout a month ago from hachyderm.iopermalink
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1. u/tjnich04 avatar tjnich04 • 4y ago what are we risking by placing UST into anchor and earning 20% APY? is the only risk in trusting anchor to not rug pull? how legit is anchor? Upvote 3 Downvote Award Share Share alleyehave • 4y ago Anchor is designed and orchestrated by the team behind all of Terra. And if you do 5 minutes of homework on that and the VCs that back them, you'll know its legit. But yes, the biggest threat is a rugpull, and that risk is as minimal as possible in the defi space with the Terra team. Upvote 4 Downvote Award Share Share u/FearTheSid avatar FearTheSid • 4y ago By the power of defi my friend. You realize that banks could give you 20% apy and they would still be making profits right? Upvote 3 Downvote Award Share Share u/PtiCon avatar PtiCon • 4y ago Be more specific please. How? Where these 20%++ come from ? Who pays 20% to the bank and is happy with that to do it again and again, and why? I see a lot of luna enthusiast saying this specific sentense but i dont get it and no one has been able to explain so far. Wouldnt be all just hoping? Thank you.
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