The bearish case for $LUNA is that both of its two major apps, and , are heavily relied on token incentivization, to the extent that I think they may not even work once token emission is significantly reduced.
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your views might come in handy here
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On the anchor arg, anchor could offer 20% yield to lenders while charging 0 explicit borrowing costs to borrowers - right now borrowers are paying costs bc rewards are so high
But you know, this one kind of obvi - collateral at work always more efficient than collateral at rest
Anchor couldn't offer 20% yield to lenders without staking yields stolen from collateral suppliers. Not without ANC inflation rewards.
It's super sketchy to deny this.
But hey, let's target the Bitconnect crowd and sweep it under the rug 🙈
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Did you just say Anchor could not offer the yield if it did not take staking yields from collaterals ? This was just designed to work that way lol, are you serious here ? xD
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