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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...
#LunaXPossibilities are endless.
Today,let us tell you how the @mirror_protocol integration will be a game changer!
LunaX will be available for you to use on Mirror soon.
Here's the world of possibilities this will open up…
Today,let us tell you how the @mirror_protocol integration will be a game changer!
LunaX will be available for you to use on Mirror soon.
Here's the world of possibilities this will open up…
Firstly, it’s a no-brainer to get your hands on #LunaX!
The benefits of LunaX outweigh holding Luna in your wallet by miles.
But, let’s go beyond this today…
The benefits of LunaX outweigh holding Luna in your wallet by miles.
But, let’s go beyond this today…
And talk about the upcoming @mirror_protocol integration…
With LunaX accessing 'mirrored' versions of real-world assets on top of your staking...
These synthetics provide you exposure to the price of the assets that they represent.
In addition:
With LunaX accessing 'mirrored' versions of real-world assets on top of your staking...
These synthetics provide you exposure to the price of the assets that they represent.
In addition:
