Out of curiosity, I was looking at Terra Station in the CLASSIC network. I have never borrowed/lent crypto. I am pretty confident my UST and LUNAC are gone (i.e. have close to 0 value) but, out of curiosity, can anybody help me understand what does the interface below mean? What’s the 2,183.52 %? What does it mean the “when the net APR is a positive number, ANC rewards distributed to borrowers are greater than the interest to be paid for the loan?”. I mean, do you earn for borrowing?
Yes, you got $ANC rewards when you borrowed, so when the APR was net positive, the rewards were higher than the interest you had to pay.
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Thanks for you answer. Is (was) this sustainable? I mean, what’s the idea behind rewarding? Where does the reward come from?