Borrow Ust Against Luna. As LUNA tanked along with the wider crypto market, those who were b

As LUNA tanked along with the wider crypto market, those who were borrowing UST against LUNA on Anchor had their positions liquidated, resulting in large amounts of LUNA entering Want to get cash while continuing to HODL? With Nexo, you can borrow against your crypto without selling it. 2. At a nominal rate, users could borrow stablecoins (UST) where do you even borrow UST against your liquidation protected nLuna assets in the vault on Nexus? Can't find any way to do it Reply reply DefinatelyDan • Borrow UST against BLuna because I believe Luna will go up in value. Get started now! You don't. Anchor protocol on the Terra Network allows users to bond Luna tokens into bLuna which can then be used to borrow UST with 0% interest because of the ANC rew. Terra, the third largest cryptocurrency ecosystem after Bitcoin and Ethereum, collapsed in three days in May 2022 and wiped out $50 billion in valuation. Then I borrow UST at 75% against the bLuna. Provide $ aUST + $ You can't stake bLuna as bLuna is bonded Luna which is essentially all ready staked Luna. But on Anchor the best gains for me have been buying Luna and then holding it, borrowing UST against it, and depositing into Pylon’s LP for 130%. 3. Put up your bLUNA as collateral, and take out a UST loan at a safe LTV (no more than 25%). trueBond your LUNA into bLUNA on Anchor. Borrow $ UST against $ LunaX on Edge. I am too dumb for this shit lol (and I am usually switched on). Sweet strategy, thanks! If you stake Luna via Terra Station, you'll get weekly airdrops (MIR/ANC) as well as ~10% Luna staking rewards, if you bond Luna in Anchor, you can borrow UST against your Luna, and earn a high APR How about borrow UST > deposit into anchor > use aUST to short stable asset like IAU (gold) > redeposit additional UST into anchor In case of luna dips, withdraw the additional ust and bid on so convert LUNA to bLUNA, put it into Anchor, borrow UST against it, deposit the UST in Anchor, get aUST against it, then use it in Mirror. You can however deposit bLluna and borrow UST against it but that is risky as you might get liquidated. Be aware of liquidation and if I didnt have enough experience I won't do it. You can't stake them, but you can use them as a collateral to borrow against and do whatever you want with it I have LUNA. Stake your borrowed UST on Anchor In the same tab you can now borrow UST up to 50% of your collateral (bLUNA) value, but be advised that if it ever goes above your collateral will be liquidated, thus the app suggest keeping LTV at 37% 1. Reply Godspiral • Supporter • Additional As LUNA fell along with the rest of the crypto market, investors who were borrowing UST against LUNA on Anchor were forced to sell their holdings, resulting in large volumes of LUNA borrowing UST against bLUNA depositing 2/3 of UST to Anchor to get aUST shorting selected mAsset (s) on Mirror, using aUST as collateral buying the same mAsset (s) for the remainder 1/3 UST Is it still profitable to borrow UST against bLuna and depositing it into the earn anchor protocol given the fact that borrowing is now at a negative APY so it is costing rather than profitable to Which stablecoins are better? Over-collateralised, fiat-backed or algorithmic? The Luna / UST debacle is a stark warning against the latter. 04% daily) = 22 UST a day What you can do is bond luna and get bluna, than borrow ust against bluna and put the ust in earn on anchor (20%Apy). Instant approval with no credit checks or paperwork to fill. The $LUNA shortooor 1) Supply $UST 2) Borrow $LUNA against $UST 3) Swap $LUNA back to $UST at https://t. 2- The interest on my $50k debt is 16% (0. I deposit the UST in Anchor for the 20% APR. These bonded versions of the tokens earn staking rewards for 24 votes, 35 comments. At the center of the collapse was a run on a blockchain-based borrowing and lending protocol (Anchor) that promised high yields to its stablecoin (UST) buy luna swap for bluna borrow UST against bluna (make sure you don’t over collateralize) receive UST and 8% in Anchor rewards stake received UST for 20% stake received anchor in the governance The “Borrow” element of the Anchor Protocol potentially offered large rewards for users. Deposit half of the borrowed $ UST on Anchor and earn 20% APY in $ aUST. Your LUNA are bonded, meaning that you're delegating your LUNA to Anchor. If Luna is $30 and put a loan against it and buy more Luna with that and if Crypto loans are a game-changer for investors and enthusiasts alike. So I am capturing Luna and anchor volititly and upside. This guide explores the best platforms to borrow against crypto. co/V4H4kubSOc 4) Repeat 5) Borrow In the ‘Borrow’ section, users can collateralize against their bETH or bLUNA positions to borrow UST tokens. Does it make sense? I am making the "bet" 1- I buy $100K (just for the sake of simplification) worth of Luna, bond it and borrow 50k UST, then I take the UST out to buy my house. So adding other collaterals doesn't generate sell pressure for Luna. At the center of the collapse was a run on a blockchain-based borrowing and lending protocol (Anchor) that promised high yields to its stablecoin The Anchor Protocol was a DApp that offered high yields on UST deposits and relied on an over-collateralized system for lending and borrowing. Swap the remaining half to $ LUNA 4. let's say, I go to Anchor, mint bLuna from my Luna. “15/17 Wanna briefly borrow ANC against your MIR to vote in a key Anchor Prop? Wanna use stLuna - so you don't have to pay income tax on Luna staking rewards - and borrow UST against The UST that you borrow was created by burning Luna, that's the only way of minting UST.

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