Poorva — Thanks for reading. To be honest, I’m not the right person to get into the intrinsics of borrowing on Anchor because I’ve never done it before and, in general, I haven’t borrowed money period. There are a lot of #LUNAtics on Twitter who would be able to get into those answers with much more knowledge. All I know, is Anchor actually pays YOU to borrow right now. It’s crazy, I don’t know how. The interest rate to borrow is something like 16% right now but with rewards through the roof: (see photo). I know it seems like a Ponzi, which is why I didn’t include that part. It’s just too unbelievable. Yet, it’s the real deal.

Recently celebrated 6 years of nomadism. On a mission to Financial Freedom. Get smarter in Travel & Personal Finance: https://linktr.ee/adam.cheshier