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Author Topic: Should I buy $1000 of KAVA and stake in Kraken for 23% or use Anchor earn 19.48%  (Read 61 times)
greentech2 (OP)
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January 19, 2022, 12:53:08 AM
 #1

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?
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January 19, 2022, 02:03:51 AM
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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.



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greentech2 (OP)
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January 19, 2022, 05:18:47 PM
 #3

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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