Before we start, remember one thing:
By itself, $UST is not an interest-bearing token.
It can’t earn you anything on top of it alone.
Yet, things completely change with a powerhouse like @anchor_protocol.
The problem is, it wasn’t available outside of Terra.
Not anymore....
By itself, $UST is not an interest-bearing token.
It can’t earn you anything on top of it alone.
Yet, things completely change with a powerhouse like @anchor_protocol.
The problem is, it wasn’t available outside of Terra.
Not anymore....
Abracadabra (@MIM_Spell) recently enabled $UST deposits on their platform.
Who are they and what do they do?
They are a lending platform...
Where you can borrow funds using stable coins as collateral.
So, how does $UST earn you yield in there?
Who are they and what do they do?
They are a lending platform...
Where you can borrow funds using stable coins as collateral.
So, how does $UST earn you yield in there?
First:
Deposit $UST as collateral.
Next:
Borrow $MIM - their native stable coin.
That’s how your $UST deposit will start earning yield.
So what about the borrowed $MIM coins?
It's simple:
Deposit $UST as collateral.
Next:
Borrow $MIM - their native stable coin.
That’s how your $UST deposit will start earning yield.
So what about the borrowed $MIM coins?
It's simple:
You can use them for all kinds of things.
Some folks willing to take risks even swap it for more $UST and repeat.
The more you do, the more yield you earn.
Does this also work with $aUST?
Some folks willing to take risks even swap it for more $UST and repeat.
The more you do, the more yield you earn.
Does this also work with $aUST?
Absolutely.
Simply deposit $aUST with Abracadabra and borrow $MIM.
Then swap it for $UST…
Deposit with @anchor_protocol…
And mint more $aUST.
If you are okay with the risk, just repeat.
Now, here's a little secret for you:
Simply deposit $aUST with Abracadabra and borrow $MIM.
Then swap it for $UST…
Deposit with @anchor_protocol…
And mint more $aUST.
If you are okay with the risk, just repeat.
Now, here's a little secret for you:
When you deposit $UST directly with @MIM_Spell…
It actually sends your $UST to Anchor to mint $aUST.
Remember:
$aUST is an interest-bearing version of $UST.
Thereafter, $aUST is used to generate yield...
Which gets distributed to you.
So...
It actually sends your $UST to Anchor to mint $aUST.
Remember:
$aUST is an interest-bearing version of $UST.
Thereafter, $aUST is used to generate yield...
Which gets distributed to you.
So...
Whether you deposit $UST directly on Abracadabra or go via Anchor…
The good news is that your $UST can earn you yield.
This means one thing:
Adoption is all the way up and Terra is about to expand like never before.
What other liquidity opportunities are there for you?
The good news is that your $UST can earn you yield.
This means one thing:
Adoption is all the way up and Terra is about to expand like never before.
What other liquidity opportunities are there for you?
With Stader's $LunaX token, you also can boost your rewards.
Here's how:
Simply mint $LunaX by staking $LUNA with Stader.
Soon, you will be able to leverage $LunaX to borrow more $LUNA.
Depending on your risk appetite, you can come back to Stader and restake it.
Plus:
Here's how:
Simply mint $LunaX by staking $LUNA with Stader.
Soon, you will be able to leverage $LunaX to borrow more $LUNA.
Depending on your risk appetite, you can come back to Stader and restake it.
Plus:
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