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4 ways to use Terra's protocols to your advantage!
(Plus a sizzling bonus at the end)
Read on to find out:
🧶👇
(Plus a sizzling bonus at the end)
Read on to find out:
🧶👇
1. @anchor_protocol
Anchor is Terra's OG DeFi protocol with the highest TVL across the network - $10.41B.
It allows you to borrow $UST against liquid assets like $bLUNA.
And then deposit the borrowed $UST to earn a massive 20% APY.
No wonder it has such huge TVL.
Next:
Anchor is Terra's OG DeFi protocol with the highest TVL across the network - $10.41B.
It allows you to borrow $UST against liquid assets like $bLUNA.
And then deposit the borrowed $UST to earn a massive 20% APY.
No wonder it has such huge TVL.
Next:
2. @EdgeProtocol
Edge allows you to borrow and lend several Terra assets.
You can deposit an asset as collateral and borrow against it.
For example:
Remember the yield you get on your $UST deposits on Anchor?
Well, you earn yield in $aUST tokens.
Now for the fun part:
Edge allows you to borrow and lend several Terra assets.
You can deposit an asset as collateral and borrow against it.
For example:
Remember the yield you get on your $UST deposits on Anchor?
Well, you earn yield in $aUST tokens.
Now for the fun part:
Money Markets hold untold treasures.
And the golden key to unlocking it?
$LunaX.
Here's how...🔽🔽
And the golden key to unlocking it?
$LunaX.
Here's how...🔽🔽
$LUNA works hard to earn you rewards and airdrops.
But transforming $LUNA into $LunaX allows it to do way more.
$LunaX allows you to:
- Borrow Terra assets against it
- Deposit them on different protocols that give out fat yields
- While earning rewards
For example:
But transforming $LUNA into $LunaX allows it to do way more.
$LunaX allows you to:
- Borrow Terra assets against it
- Deposit them on different protocols that give out fat yields
- While earning rewards
For example:
You borrow $LUNA on Edge against $LunaX and stake them on Stader.
You instantly double your rewards.
OR
You borrow $aUST on Edge against $LunaX and mint mAssets on Mirror against these $aUST tokens.
And...
You instantly double your rewards.
OR
You borrow $aUST on Edge against $LunaX and mint mAssets on Mirror against these $aUST tokens.
And...
