FatMan

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.

What? This is untrue. Think, people. Anchor launched in early 2021, when 20% yield wasn't extraordinary. Small reserve top-up in the spring. But from summer of 2021 to fall of 2022 yield reserve went up organically. No need for top-ups. Only became unsustainable in December.

You’ve been spoiled by crypto gains, free 20% is not sustainable no matter the situation.

Tired of these low IQ posts. What "free 20%"? Ever heard of a lending platform before? Are you brand new to defi? Hello?? They used yield-bearing collateral plus lending interest. Here's the chart. Fact: it started off sustainable. https://grafana.luigi311.com/d/7j96rRI7z/anchor?orgId=2&from=1631851200000&to=now&viewPanel=14 …

Where does 20% come from? Chasing new money rushing in. That’s a Ponzi scheme. You all believe for real “its DeFi” so therefore the laws of economic theory run out the door? Jesus.

So dumb it's painful to read. What part of "yield-bearing collateral plus lending interest" is so confusing to you? FFS people.

BTW “yield-bearing collateral” + “lending interest”—dude get real, a single Google search will ‘yield’ ya the fact it was documented this couldn’t—and did not—possibly breakeven on offering out 20% APY. And its intuitive that market for other side couldn’t possibly support that.

Every post of yours is textbook Dunning-Kruger effect. "I did a Google search" - wow, congratulations. I already posted the verifiable on-chain historical data graphed here: https://grafana.luigi311.com/d/7j96rRI7z/anchor?orgId=2&from=1631851200000&to=now&viewPanel=14 … Fact: early on the total Anchor revenue exceeded the required 20% for depositors.