News

2nd Anchor UST Now Open to Subscription

Apr 1, 2022by Steaker

Bitcoin, unlike the stock exchange, has recently bucked the trend and perked up the entire crypto market amid global turbulence, which is definitely worth all investors’ reconsideration of their asset allocation.

With approximately 17.5% of the average APY of the 1st Anchor UST, Steaker is committed to furthering this portfolio by introducing the 2nd Anchor UST, available for subscription as of today to 2022/04/07 23:59 (UTC+8), providing all adventurous investors seeking to improve returns with a new option.

Different from the previous term, it should be noted that Do Kwon, the founder of Terra, has announced in mid-March that this protocol will be readjusted, from the fixed rate to a semi-dynamic interest rate, to sustain Anchor Protocol. The actual schedule is yet to be announced.

While the previous fixed 20% APY is no longer guaranteed, according to the data of Defi Llama, the Total Value Locked (TVL) of Anchor Protocol is still on the rise and has even exceeded $11 billion since the proposal was approved on the 24th of March, showing that investors’ confidence in this project only rises.

Steaker has also made some slight changes to our fee schedule based on the feedback from Steaker community: no incentive fees are needed and only 0.17% of the initial funds will be charged as management fees. Make sure you take advantage of this unique opportunity!

About 2nd Anchor UST Portfolio

  • Subscription Period: 2022/04/01 16:00~2022/04/07 23:59 (UTC+8)
  • Subscription Qualification: None
  • Minimum Investment: 1,000 USDⓢ
  • Supported Currencies: USDT, USDC, BUSD, and DAI
  • Contract Period: 1 month
  • Start Time: 2022/04/08 15:00 (UTC+8)
  • Penalty Fee: 1% of initial funds
  • Maximum Loss: 100% of initial funds
  • Incentive Fee: None
  • Management Fee: 0.17% of initial funds
  • Redemption Fee: 0.2 % of settlement amount

Note

The 2nd Anchor UST Portfolio has no stop-loss mechanism. The maximum loss can be 100% of your principal. The risks of this portfolio could range from operational failure of Anchor Protocol, smart contracts getting hacked, to UST de-peg from USD. Users should be held fully accountable for the risks involved.


2nd Anchor UST Now Open to Subscription was originally published in Steaker on Medium, where people are continuing the conversation by highlighting and responding to this story.