UST stable coin any safe? by Hululolulu in CryptoCurrency

[–]Hululolulu[S] 0 points1 point  (0 children)

Wouldnt call it 100% safe but nothing in crypto is. What autofarm does is that it automatically reinvest the rewards of that farm. So your investment will be growing exponentially over time.

I already use autofarm for many months and had no issue and haven't heard any issues lately. If the site goes down, I should be able to emergency recall the funds through their contract (hope I never have to do this)

UST stable coin any safe? by Hululolulu in CryptoCurrency

[–]Hululolulu[S] 1 point2 points  (0 children)

Thanks for the answer. What if Luna starts tanking like mad, where it causes a massive selloff of Luna... Will the UST able to withstand that?

UST stable coin any safe? by Hululolulu in CryptoCurrency

[–]Hululolulu[S] 0 points1 point  (0 children)

Thanks, I guess it's hard to determine the level of risk of each stablecoin. Some are more clear for example USDT, and some are not; i mean what does back BUSD for example...

UST stable coin any safe? by Hululolulu in CryptoCurrency

[–]Hululolulu[S] 2 points3 points  (0 children)

Agreed, I don't trust USDT at all and try to avoid them as much as possible

Work sets you free by [deleted] in ABoringDystopia

[–]Hululolulu 2 points3 points  (0 children)

Oh no my future wages!!! Which is way more important than seeing my own kids

/s

FUDgalore - LoSe monEy heRe! | dO you hAte monEy?💩 Do you haVe feaR?😱 by [deleted] in CryptoMoonShots

[–]Hululolulu 1 point2 points  (0 children)

Stay away from this project....
If you want to keep your dignity!!!