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I’ve been looking at anchor protocol as the go-to place to store my stablecoins when I scale out of crypto before the next bear market.
However I can’t seem to find any material online that highlight all the risks on UST deposits in Anchor. For example, how secure and safe are the deposits in the event of a LUNA or ANC flash crash? Are there any other risks that our deposited capital would be lost?
Edit: I've added a comment with my risk assessment below.
Edit 2: Added a new comment about Anchor's latest response, where TFL will be adding 50m UST to the Anchor Yield Reserve.
Edit 3 (10th Jan 2022): Analysis of long term sustainability of 20% yield.
Edit 4 (15 May 2022 Post crash): Reflections and lessons for posterity.
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