Is Luna a good investment?

In December last year, they emerged as a ‘golden investment’ where 1 Luna was worth over $116. Remember, 1 stablecoin is pegged as $1. Luna’s popularity was due to a lending program called Anchor, which promised annual percentage yields (APY) of almost 20 per cent — obscenely high. The Anchor protocol worked like a bank savings account.

What is the Luna Foundation guard?

Between January and March, the Luna Foundation Guard, or LFG, bought $3.5 billion of Bitcoin. (File photo) Algorithmically designed Stablecoins Luna and Terra were not always wrecked coins. In December last year, they emerged as a ‘golden investment’ where 1 Luna was worth over $116. Remember, 1 stablecoin is pegged as $1.

What are the risks of borrowing from Luna?

So, for borrowing, you used to get 155% in anchor reward, and once you wanted to pay back the debt, you had to pay around 15% as interest. The main risk is to be liquidated if Luna’s price drops. If we go down, in Price we will see a price below, that is the price that will liquidate our bluna if it reaches that value.