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.

Adam J. Cheshier
Adam J. Cheshier

Written by Adam J. Cheshier

Documenting obscure pockets of the world across long-distance overland expeditions. Recently celebrated 7 years of nomadism. https://linktr.ee/adam.cheshier

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