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I previously deposited some USDT-U LPs to take advantage of the USD1 bonus. At the time of deposit, only about 15% was U, and the remaining 85% was USDT. I just discovered that almost half of it has been converted to U due to impermanent changes. Borrowing 100,000 USD1 requires depositing 108,000, plus a 3% borrowing interest rate. After all this, the actual APY is only around 16%. Meanwhile, Sun's HTX provides a 20% APY for U. So the question is: If U is not safe, will my USD1 also be lost?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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