# Borrowed Value goes up automatically

**URL:** <https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267>\
**Category:** General\
**Created:** [October 3, 2021, 9:47am UTC](https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267 "2021-10-03T09:47:50Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Mitty](https://avatars.discourse-cdn.com/v4/letter/m/9de053/32.png) [@Mitty](https://forum.anchorprotocol.com/u/Mitty)\
**Post date:** [October 3, 2021, 9:47am UTC](https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267/1 "2021-10-03T09:47:50Z")

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Yesterday i matched up my Borrowed Value to an even number .00, but since then the borrowed value went up by .471 (almost half a dollar) without me doing anything.

(i felt like this trend was happening before, but i wasnt sure until now)

In the same time, my earn deposit went up by almost half of that. Meaning that if i didnt also earn ANC, i would be down by almost .25 USD

GIven the Net APR is possitive, i would assume the loan wouldnt cost me money, but seems like it does and im only in the positives when I count in the value of my ANC tokens. So my profits arent half as good as I would assume. (Given that whatever i earn by “Earn UST deposit” is eaten by the borrowed value growing at twice the speed)

Am i missing something?

Seems to me like it isnt worth the risk at all and id be better off just staking luna.

After half a year of borrowed funs and depositing almost all of them in “earn” im down 18 dollars if i wanted to “cash out” and return the loan. So id have to sell a couple of ANC just to be able to return the loan.

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**Author:** ![willshak](https://avatars.discourse-cdn.com/v4/letter/w/43a26b/32.png) [@willshak](https://forum.anchorprotocol.com/u/willshak)\
**Post date:** [October 4, 2021, 3:09am UTC](https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267/2 "2021-10-04T03:09:37Z")

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Pretty sure that the interest rate gets applied directly to the loan while the borrowing rewards accumulate as ANC tokens.

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**Author:** ![Mitty](https://avatars.discourse-cdn.com/v4/letter/m/9de053/32.png) [@Mitty](https://forum.anchorprotocol.com/u/Mitty)\
**Post date:** [October 4, 2021, 3:32pm UTC](https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267/3 "2021-10-04T15:32:23Z")

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I see now that the Borrow APR is 25.81% and Distribution APR 36.5%  
But it doesnt even seem to match up that way.

Lets say, that since last time i withdrew my ANC my interest grew 10$. Given postitive APR 10% i should have 11 dolars worth of ANC right?

But i dont, i have around 80% and ANC price grew the past few days.

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<div class="post-metadata">

**Author:** ![willshak](https://avatars.discourse-cdn.com/v4/letter/w/43a26b/32.png) [@willshak](https://forum.anchorprotocol.com/u/willshak)\
**Post date:** [October 12, 2021, 1:26am UTC](https://forum.anchorprotocol.com/t/borrowed-value-goes-up-automatically/1267/4 "2021-10-12T01:26:58Z")

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Maybe the ANC token lost market value since you were rewarded in it?