I would have to say diversify and do your research. I wasn't part of the collapse but I saw a lot of people affected here on Hive. I am glad that HBD came out with 20% APR and I lost all interest in Terra/LUNA.
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Wow! Another HBD testimony:)
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I should have done the same. But it was too damn inconvenient to move the funds out of Cosmos to Hive and the LP rewards were higher than 20%. Something like 60-80% (including staking rewards for OSMO in LP). But only half "stablecoin". The other part was OSMO. As it turns out, OSMO held, and UST didn't.
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Yea but the 14 day lock-up period really did hurt anyone investing in a half stable coin pool. At least the IL didn't turn out that bad and I heard they let people get out their funds even if it was a bit late.
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Well, I still have about a week until the unbonding process ends. We'll see what I recover from them then.
I thought I saw in jk's post that the unbounding process was sped up for people to get out. Did this not apply to you or did it only affect certain pools?
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Thanks for the heads-up. Didn't read JK's post until I saw your comment (I had it opened in a tab), but after reading your comment I skimmed through it and saw the relevant info. I've just de-pooled my positions as well, but still have to wait until unbonding is over.
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