I never liked the idea of algorithmic stablecoins and huge profits in Anchor protocol. To me, it seems obvious that when the protocol needed to recruit new users, a return of 20% per year paid out about $100M-$200M per year to early birders. However, when the amount of blocked funds on the platform reached $14B - dragging the unbearable burden of $3B annually became an impossible task for the Terra ecosystem. We saw where this was headed.
The essence of WOWswap earning method is this - this protocol allows traders to trade with leverage. As a result, some users can make their trades by borrowing money from the pool at a certain percentage, while other users can lend their money to the pool and earn on it. The most popular is the pool with $BUSD - on average, the yield there reaches 40-80% per annum. However, in WOWswap there are often opportunities to place top altcoins with an annual yield over 1000%!
😮In the end, my $10,000 turned into... $22,000. On the one platform. The amount turned out to be slightly less than if you could just multiply the values above - this turns out because of the accounting of transfer fees, as well as the nuances of the protocol scheme and the volatility of the $WOW native token in which the rewards are paid. But I think the result is terrific.
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Source: hackernoon - 🏆 532. / 51 Read more »