Terra Luna and anchor protocol sounded great to me as well. Now I am very cautious! Couldn’t get out quickly enough and lost mid 6 figures. IMO huge interest rates can’t stand the test of time. Be careful.
We couldn't agree more, there is risk associated with these yields and its extremely important to do research before entering these positions and to keep up to date with these projects. Terra Luna and Anchor are cautionary reminders that tokens can fail very quickly in crypto and without warning. Thanks for the comment Brian
Correction: when you deposit your USD+ tokens in liquidity pool, your tokens do not rebase. Meaning you dont get those returns. You get just the returns from the liquidity pool.
Thank you for this correction Sam, you're 100% correct. Thats our fault for missing it in the reseach, something to point out is while that's the case for Aerodrome Finance, other protocols like Extra Finance do expose you to the rebase if certain criteria are met.
