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RE: Anchor To Lower Its APY On UST For 1.5% Each Month?

in LeoFinance2 years ago

Pains of being a pioneer, it all just shows how young this entire system is.

This gives some confidence in the project, but still if all the crypto market dumps for a long period of time it can be challenging.

I think this is a common problem facing every algorithmic stable coins and even HBD?

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Absolutely. People are quick to forget this is all new and that mistakes are being made and learned from every day. We've seen lots of projects fall flat on their face already and we'll see plenty more do the same before this space can be considered mature. Personally, I love the creativity and dynamism and just make sure I think twice or more before committing my funds.