According to a verified TFL insider, the entire core team working on Anchor, including the creators of the Anchor whitepaper, quit TFL before Anchor's release because of Do's adamant decision to force an unsustainable 20% interest rate that they knew may result in a collapse.
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You start with 20% and lower it when necessary, they didn't respond fast enough when it was necessary, but it certainly wasn't that wild. It's not obvious its in surplus because you still need people to use the borrow side. Ah so now its the core "research" team! Not everyone
Did I say it was wild? 20% isn't even that high, and it was set to go down by 1.5% that very month. I am relaying what an insider told me & the reason why the core Anchor team quit. It's not my opinion. I would also suggest looking into how Terra inorganically inflated Borrow.
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or LUNC for that matter gees
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Don’t try pushing water up hill
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