Oh, I even have to remove it from my index (more about it later). On Monday I calculated my index and it was in position 7, and at some point it was number 5 I think.
Thank you very much for the tip! I see 25% p.a. locked stacking at Binance, max 200 UST. Crazy indeed!
Also staking UST with swissborg 
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Terra/Luna is a well established project and they were offering the 19.5% through Terra app since a long time nowā¦ just previously UST was only accessible via Terra (Anchor protocol) and KuCoin I guessā¦.
Recently UST became accessible through a lot of major exchanges so it became much simpler to get the earningsā¦ and itās very profitable for all of them as wellā¦
I guess itās as legit and stable as a stablecoin can beā¦ from the fundamentals I cannot any major problem / risks ( I mean similar like Usdt, usdc etcā¦)
It not a Ponzi, itās on treasury, they refilled the reserve few months ago with $500M as it was running empty. So itās like a big marketing compaign.
Actually as itās not sustainable the APR will start to decrease in May, expected 1,5 decrease reassessed every month.
I use my Cex platform to stake UST, but itās 8 to 10% (without any limit though and no lock up period for the 8% tier)
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yeah sureā¦ 20% interest just means i have 5 years till i need to give you more than just your money.
Also do they have any obligation to keep the ust peg 1 to 1? Like what happens if one day the just say āsorry folks code went badā?
How does the LFG profit? Is it greater than to just run off with all the money?
I honestly dont trust this āalgoritmic stablecoinā backed by a crypto, that had to buy another crypto to be stable. Also looking at the circulating supply it does not seem that LUNA is getting burned, the supply seems still the same?
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Itās not a Ponzi, a ponzi is a pyramidal scheme. Anchor is payed on treasury. And as I said, itās going to decrease. Itās more an expensive marketing campaign.
Code can go bad in crypto yes. And Tether is a big Ponzi running for years (but itās seems like itās coming to an end) most people donāt realize it or donāt care.
Nope itās not burnt, I think itās locked.
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Yes but it should show on CMC but the number is almost the same as when LUNA price was 1/100.
Also to buy the BTC they announced they did not have to sell any LUNA but just āconvertedā or ālocked/burnedā LUNA to UST and bought BTC?
Well, it sure as hell, is an interesting one, but i would not get into it.
I donāt like PoS so I donāt hold any Luna (even if I follow it since Nov 20, it was around 25c back then haha)
And now I see 21.66% for 90 days and 18.95% for 30 days. So the yields seem to be falling.
Moreover, I noticed that at Binance the yield on Locked Stacking subscriptions that I subscribed before have also dropped! So money are locked, but yields arenāt. Nice! Forces me to rethink my yield generation strategy.
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Thatās an interesting point indeed!
First time I see the % within the locked period in locked savings to be changing in Binanceā¦
Not sure if Binance just uses the earn functionality from the Anchor Protocol and takes a cut. If itās the case, then it might be due to a recent governance proposal that passed. There will be a dynamic rate which is more sustainable, but in the short term, we should be seeing a the earn rate drop 1.5% every month until itās sustainable.
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Not available anymore at Binance. I already maxed out the subscription for 90 days, others are sold out and not available. The party is over?
Well as I understood from the community / governance votingās it was suggested something like reducing the APR 1,5% per month until it gets to a sustainable levelā¦ not sure about the details or the implementation planā¦
Still you can put USDT at the flexible savings (you can withdraw anytime you want) with pretty decent 10% APR
This is about Binance? The limits for the 10% interest rate tier are 2000 USDT and 500 BUSD, so I have a long way to maxing it out.
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USDT is a ponzi scam tied to Binance (aka define shady company) with almost nothing to back it.
UST is an algorithmic stablecoin so unstable.
USDc is the only big stable backed 1:1 with dollars.
Its Bitfinex.
Binance has Busd.
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Here another perspective on the UST caseā¦ 
(Iām not really following the situation, and I donāt know enough about itā¦ so I wonāt be able to engage the discussion.)
