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Off-Chain 5-12-22: The monumental UST de-peg and $4bn Bitcoin short position that's melting down the market

The Decrypting Crypto Podcast

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The Anchor Prodical Is a Great Option for Cryptocurrency Trading

We t had an 18 billion dollar market cap last week. Luna, that the luna token, had a market cap of 30 billion dollars last week. You can borrow up to around about 60 % of your collaterals value of luna in us t. So you could hold a load of us t, and what i's sorry, deposit it into anchor protoco, borrow us t so 60% of that. And nacturally, that negates any borrowing fees, and you're just creating additional margin. This sounds like a bit of a ponsey scheme, right? But there is some serious ponsynomics at play here,. anyway.

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