05-10-2022, 06:27 AM
Condolences to all the crypto.com users that switched to anchor UST for 19.5% apy
<!-- SC_OFF --><div class="md"><p>I know once CDC announced earned cuts mostly to their stablecoins it was a nightmare and basically most people went from getting 12% apy down to 1%-5% apy on their stablecoins depending on how much they had.</p> <p>I remember seeing a lot of people suggest the next best stablecoin to invest in was the UST because of anchor and 19.5% apy. I know a lot of people that ended up switching over to this since it seemed the new best thing. Not even 2 weeks later this disaster happens and a stablecoin drops 30% with fears it won't be able to re-peg back to $1.</p> <p>It must suck getting screwed over by cdc then going to anchor only to get screwed again 2 weeks later. My condolences ? to you all. I know I almost was going to move my stablecoin stack over but knew 19.5% was not sustainable for long if everywhere was slashing rates so decided against it and just went to voyager and kept it in USDC. I didn't expect udt to go the way it did, let alone this quickly</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BushyOreo"> /u/BushyOreo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/um6swz/condolences_to_all_the_cryptocom_users_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/um6swz/condolences_to_all_the_cryptocom_users_that/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I know once CDC announced earned cuts mostly to their stablecoins it was a nightmare and basically most people went from getting 12% apy down to 1%-5% apy on their stablecoins depending on how much they had.</p> <p>I remember seeing a lot of people suggest the next best stablecoin to invest in was the UST because of anchor and 19.5% apy. I know a lot of people that ended up switching over to this since it seemed the new best thing. Not even 2 weeks later this disaster happens and a stablecoin drops 30% with fears it won't be able to re-peg back to $1.</p> <p>It must suck getting screwed over by cdc then going to anchor only to get screwed again 2 weeks later. My condolences ? to you all. I know I almost was going to move my stablecoin stack over but knew 19.5% was not sustainable for long if everywhere was slashing rates so decided against it and just went to voyager and kept it in USDC. I didn't expect udt to go the way it did, let alone this quickly</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BushyOreo"> /u/BushyOreo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/um6swz/condolences_to_all_the_cryptocom_users_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/um6swz/condolences_to_all_the_cryptocom_users_that/">[comments]</a></span>