How to earn fixed interest (20%) on UST using Anchor Protocol
Following on from our quick take yesterday (https://youtu.be/lDGS-n8j2Oo) here's a walkthrough on putting your UST to work using Anchor protocol which is built on Terra. For this tutorial we'll look at setting up the Terrastation chrome extension, we'll demonstrate how to port UST from Ethereum to Terra using a bridge (MIRROR) and finally what happens when you commit your funds to the savings product.
Anchor protocol aims to deliver a fixed rate of 20% APY on your deposits. A huge improvement over traditional savings accounts in trad fi. As always, please exercise caution and common sense. This is NOT financial advice.
Handy links:
Anchor Protocl: https://anchorprotocol.com/
The Anchor web app: https://app.anchorprotocol.com/earn
The ETH side of the Mirror bridge: https://eth.mirror.finance/my
The TERRA side of the Mirror bridge: https://terra.mirror.finance/
The Terrastation chrome extension: https://chrome.google.com/webstore/detail/terra-station/aiifbnbfobpmeekipheeijimdpnlpgpp
Metamask chrome extension: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en
UST on Uniswap: https://app.uniswap.org/#/swap?inputCurrency=0xdAC17F958D2ee523a2206206994597C13D831ec7&outputCurrency=0xa47c8bf37f92aBed4A126BDA807A7b7498661acD
Subscribe to our newsletter for free and stay up to date on everything happening in DeFi: https://newsletter.thedefiant.io/
Follow The Defiant
https://twitter.com/DefiantNews
https://thedefiant.io/
https://t.me/DefiantNews
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
-
LIVE
Akademiks
4 hours agoKendrick Lamar Submits Not Like Us & Euphoria for Grammys. Drake Calls out Fake Friends.PRE HITLIST?
3,284 watching -
1:26:33
Sports Wars
6 hours agoAlabama UPSET By Vanderbilt, MLB Playoff Shockers, Davante Adams WANTS OUT Of Vegas | NFL Week 5
41.6K1 -
1:40:37
The Breanna Morello Show
1 day agoLIVE STREAM: Hurricane Helene Update on Sunday at 10am ET
46K48 -
7:00:33
Vigilant News Network
22 hours agoBone-Chilling Flood Disaster Details Emerge | The Daily Dose
87.7K125 -
17:51
Tundra Tactical
22 hours agoKamala Harris is the MOST ANTI-GUN VP EVER!!!
68.2K28 -
22:10
Degenerate Jay
1 day ago $7.86 earnedMarvel Superhero Games Have A Big Problem
107K14 -
8:02
scoutthedoggie
1 day agoHill Top Airsoft Battle Scotland 4K
59.9K13 -
8:06
Bearing
1 day agoP Diddy Was TELLING US THE WHOLE TIME!
60.5K30 -
8:58
Tactical Advisor
1 day agoNEW Budget SHTF Optic | Primary Arms GLX Micro Prism
62.7K3 -
11:45
Space Ice
1 day agoVan Damme's Legionnaire Is Like 'Full Metal Jacket' If Kubrick Wasn't Terrible - Best Movie Ever
57.8K21