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Title: Should I buy $1000 of KAVA and stake in Kraken for 23% or use Anchor earn 19.48% Post by: greentech2 on January 19, 2022, 12:53:08 AM I have $1000. Should I buy KAVA at the price of $5/KAVA and stake it in Kraken to get a 23% annual interest rate? Or I use Anchor https://app.anchorprotocol.com/earn to earn a 19.48% annual interest rate in UST. I am not sure that they keep 19.48% APR forever or it will drop down later? I like the UST stable coin pegged at the price of $1. The price of KAVA may go down to $2 or lower. In Anchor, it doesn't use the MetaMask wallet. Do I need to install Terra Station wallet and buy UST to transfer to it?
Title: Re: Should I buy $1000 of KAVA and stake in Kraken for 23% or use Anchor earn 19.48% Post by: babygun on January 19, 2022, 02:03:51 AM I have $1000. Should I buy KAVA at the price of $5/KAVA and stake it in Kraken to get a 23% annual interest rate? Or I use Anchor https://app.anchorprotocol.com/earn to earn a 19.48% annual interest rate in UST. I am not sure that they keep 19.48% APR forever or it will drop down later? I like the UST stable coin pegged at the price of $1. The price of KAVA may go down to $2 or lower. In Anchor, it doesn't use the MetaMask wallet. Do I need to install Terra Station wallet and buy UST to transfer to it? I like KAVA and I am also staking it at Kraken just because of the high yearly interest they give. But I wouldn't invest 1000$ in one time; I would spread it over multiple periods to do DCA (dollar cost averaging). Haven't really heard of Anchor, so can't help with that. Title: Re: Should I buy $1000 of KAVA and stake in Kraken for 23% or use Anchor earn 19.48% Post by: greentech2 on January 19, 2022, 05:18:47 PM I am not sure Anchor using UST in LUNA protocol is a scam or not with a very high 19.48% APR. I should DCA $100 each time to buy KAVA in Kraken. Thank you.
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