Terra is an ecosystem that has stable coins for major currencies. Basically what Central Banks want to do but are too inept to actually accomplish.
Terra is about to disrupt not only bonds / banking - but #DeFi also.
There are 4 ways to use Terra. Starting with the simplest:
Terra is about to disrupt not only bonds / banking - but #DeFi also.
There are 4 ways to use Terra. Starting with the simplest:
1. "I have a bunch of $USD and want cashflow"
Convert it to $UST (Terra stable coin)
Deposit it in the @anchor_protocol using a Terra Wallet
Collect 20% APY stable yield
$UST is pegged to the dollar and does not fluctuate in value.
Convert it to $UST (Terra stable coin)
Deposit it in the @anchor_protocol using a Terra Wallet
Collect 20% APY stable yield
$UST is pegged to the dollar and does not fluctuate in value.
2. "I want to trade synthetic stocks / gold / etc"
Use Mirror Finance to trade synthetic assets
terra.mirror.finance
Use Mirror Finance to trade synthetic assets
terra.mirror.finance
3. Payments protocol
This is used by over 2 million users in South Korea and expanding to other countries.
Not used in the US (yet) to my knowledge
This is used by over 2 million users in South Korea and expanding to other countries.
Not used in the US (yet) to my knowledge
4. Earn yield on $LUNA
Saving the best for last.
Using @anchor_protocol mint bLUNA (from LUNA)
Provide it as collateral
Borrow 30-50% $UST against the $bLUNA
Net APY is 398% (varies, paid in $ANC)
You get paid to borrow. Varies though.
Use the $UST for whatever.
Saving the best for last.
Using @anchor_protocol mint bLUNA (from LUNA)
Provide it as collateral
Borrow 30-50% $UST against the $bLUNA
Net APY is 398% (varies, paid in $ANC)
You get paid to borrow. Varies though.
Use the $UST for whatever.
Whatever? What do you suggest...
Simplest --> pair $UST with $ANC into LP token and stake that for another 300-400% APY
Note - this staking etc seems a little complicated so either take it one step at a time or just stick with the regular 20% APY on $UST
Simplest --> pair $UST with $ANC into LP token and stake that for another 300-400% APY
Note - this staking etc seems a little complicated so either take it one step at a time or just stick with the regular 20% APY on $UST
20% stable APY yield is ridiculously high compared to US Treasuries at around 2% or stock dividends at 2-5%.
When bond money figures out DeFi --> game over for bonds
Sell bonds --> Rates spike --> Yield Curve Control --> Gold / silver spikes
Mathematical eventuality.
When bond money figures out DeFi --> game over for bonds
Sell bonds --> Rates spike --> Yield Curve Control --> Gold / silver spikes
Mathematical eventuality.
Bonus content:
Cross chain bridge that actually works
Move $ between #Ethereum, #BSC, and #Terra networks
bridge.terra.money
Cross chain bridge that actually works
Move $ between #Ethereum, #BSC, and #Terra networks
bridge.terra.money
Please feel free to add / correct above.
I'm no expert but I do play one on Twitter.
Knowledge + work ethic are valuable assets. Build those. Help others genuinely. Especially the less fortunate and children.
Live a meaningful life.
ps - @novogratz knows. $BRPHF is in Terra.
I'm no expert but I do play one on Twitter.
Knowledge + work ethic are valuable assets. Build those. Help others genuinely. Especially the less fortunate and children.
Live a meaningful life.
ps - @novogratz knows. $BRPHF is in Terra.
Addendum: Ways to play this?
👉 Buy and hold $LUNA $MIR $ANC
👉 Deposit $UST at Anchor
👉 Provide $LUNA and borrow against it at Anchor
Minting $UST burns $LUNA so supply decreases. Can also go in reverse though. Take profits along the way.
👉 Buy and hold $LUNA $MIR $ANC
👉 Deposit $UST at Anchor
👉 Provide $LUNA and borrow against it at Anchor
Minting $UST burns $LUNA so supply decreases. Can also go in reverse though. Take profits along the way.
Observation about borrowing against bLUNA:
Would recommend keeping Borrowed Value at 30% or less of total collateral to account for price volatility of $LUNA (collateral value)
Would recommend keeping Borrowed Value at 30% or less of total collateral to account for price volatility of $LUNA (collateral value)
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