It seems like these people do not understand what LUNA even is.
>[1][2]
These people should not have gone "all in" on a risky investment. Even without the hindsight we have currently algorithmic stablecoins are very risky. LUNA grows in value when demand for UST increases, but if people want to exit the ecosystem that is going to mean that the value for it is going to go down. If a lot of people want to exit at once it will be even worse.
>guaranteed 20% APY
Anchor is just one dapp in the terra ecosystem and at it doesn't offer a guaranteed 20% APY. Also if you are looking for high APY in defi with stablecoins, Anchor isn't the only place to find it. I can easily find ~30% APY in an different algostable right now. Algostables are risky to hold so they incentivize you to provide liquidity with good rates. I also see 50% APY for supplying liquidity between a BUSD and USDT trading pair which is fairly safe, but the rates for this one will drop soon once more people take advantage of this.
>These people should not have gone "all in" on a risky investment
People shouldn't go to a casino either thinking it's a money maker. They see a high risk/high reward investment option and are not properly educated about the risk or significantly misinformed with statements like it being "fairly safe". You encouraging people to look for similar ponzi schemes to invest in even though you seem to know a fair bit about how it works, just proves that point.
>significantly misinformed with statements like it being "fairly safe"
I agree that you should DYOR, do your own research, and not just trust what others are saying so that you know what you are actually getting yourself into. My point of that comment was that high APR does not necessarily mean that there is high risk.
>You encouraging people to look for similar ponzi schemes to invest in
I am not trying to encourage people and these are not ponzi schemes. If I was trying to encourage people I would link directly to where you can find it. I also tried to be clear in saying that there is always risk in doing this. The fact is projects are looking for liquidity and are willing to pay you for it. This doesn't guarantee that doing so will be profitable for you though.
It seems like these people do not understand what LUNA even is.
>[1][2]
These people should not have gone "all in" on a risky investment. Even without the hindsight we have currently algorithmic stablecoins are very risky. LUNA grows in value when demand for UST increases, but if people want to exit the ecosystem that is going to mean that the value for it is going to go down. If a lot of people want to exit at once it will be even worse.
>guaranteed 20% APY
Anchor is just one dapp in the terra ecosystem and at it doesn't offer a guaranteed 20% APY. Also if you are looking for high APY in defi with stablecoins, Anchor isn't the only place to find it. I can easily find ~30% APY in an different algostable right now. Algostables are risky to hold so they incentivize you to provide liquidity with good rates. I also see 50% APY for supplying liquidity between a BUSD and USDT trading pair which is fairly safe, but the rates for this one will drop soon once more people take advantage of this.