Bitcoin Forum

Hey guys!

How do you see the risk of getting scammed with Anchor?
20% is alot but if you really put a serious amount of money into it, you seriously risk of losing it.

What do you think the endgame will be, unpegged UST or simply lower APY?

I think it has a lot of solid support behind from the AMA today I think they mentioned they are also going to open up and go cross-chain in the near future. Adding additional cross-chain support will be key in continuing to improve their liquidity. I do not have a position in Anchor yet but it is one I am keeping a close on eye going into 2022.

Is this the anchor protocol? I've never heard of this platform. I wouldn't put any amount of money on it as you've said, you're risking losing it. If I want to get into those terms that have APY/APR, I'll choose a better platform, it could be an exchange or a wallet that has staking for the limited altcoins that they're supporting. Well, that's my choice and I think that's safer since I'm very conservative in choosing platforms these days when rug pulls are very proliferating.

Do much risks in my opinion, so I wouldn't put 20% on it as you have said.

Mostly the end game right now is lowering APY, in the beginning most of them are in the competition as to who will give the biggest APY to attract investors, now it is the opposite, the market has been saturated already. So it's better to spread across your investors into several staking projects and not just in one basket.

I'm sure that 20% is a lot, it's natural for some coins to pump and lose its momentum I see a lot of new projects that has been hyped for a week then lose all momentum afterwards. There's a lot of projects right now may i ask if this is the one you are referring to https://www.anchorprotocol.com/

https://www.anchorprotocol.com/

Yes I am referring to this protocol. Althoug I didn't expect so negative answers.
Anchor is pretty big with Terra/Luna and UST which is now the 4th largest Stablecoin?

Greetings!

I've a feeling it's safer in UST than in Tether.

I bought Anchor from day 1 for about $6 or $7 at the day of sale, looks like the sale was even rigged, even since then, I have never made a single profit, I should have just left my Luna without touching it, would have been a happy man today.

The price now is below $1 so I guess you want to add more Anchor while the price is not too high. But I do not know if Anchor can give you the profit in the future as it will compete with the other coins that already have a good position in the market. Maybe you can wait for a while to see if Anchor will still get down or it will bounce. But I guess Anchor can increase higher because bitcoin now has good moves by back to the $50k level to impact the altcoins. I hope you can wait because your profit will come soon.