30% APY on STABLE: NEAR and TRON are trying to BEAT ANCHOR PROTOCOL
0#anchorprotocol #cryptoharry #newtrends #justinsun #near
It looks like the Anchor Protocol copycat season is starting, Justin Sun from Tron is announcing that 5th of May they will launch USDD that will offer a 30% APY, the same is happing on Near where they are launching USN that should offer a 20% APY on the same stablecoin. Who will win this new war?
UST USN and USDD: https://twitter.com/CryptoHarry_/status/1517135299196841985
Justin Sun USDD on TRON: https://www.hejustinsun.com/post/an-open-letter-on-the-issuance-of-usdd-a-decentralized-algorithmic-stablecoin-on-tron
USN on testnet: https://twitter.com/insights_near/status/1516995751238246401
Decentral Bank on Near: https://twitter.com/DcntrlBank
Orbit Network on Cronos: https://twitter.com/Orbit_Network_/status/1516707896783826944
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00:00 A new trend, taking from what is offering Anchor Protocol and copying it on other blockchains, two launch
01:18 A twit by Crypto Harry about the new big trend
02:18 Why some people are defying it as a Ponzi Scheme
04:10 The problem of replicating this kind of model
05:12 The problem to increase the risk
05:39 A great side
06:06 My opinion about the problem
06:25 Let’s dive into the different protocols
06:27 The biggest announcement: Justin Sun
06:50 What we can understand from this statement
07:22 How this APY is coming from
08:30 An interesting and positive point by this announcement
09:11 The reason why it is so important having this treasury, create trust
09:29 The reaction of the market, the chart
10:23 Another big announcement: the USDT will be live on Throne
10:35 What is going on on Near
11:17 The opportunity
11:52 The idea, the biggest pivoting and the biggest outcome that we have from Anchor
12:15 How exactly on Near it will works
12:50 Orbit Network
13:30 What I was thinking: two possibilities
15:09 Conclusion