When it comes to derivatives, @terra_money is the king!
There are so many out there…
And Stader’s own $LunaX.
Here’s how can you use them to your advantage...⏬⏬
There are so many out there…
And Stader’s own $LunaX.
Here’s how can you use them to your advantage...⏬⏬
Firstly...
What are $LUNA derivatives?
Basically, a derivative is a contract whose value is linked to a specific asset.
ForeExample:
$bLuna is a bonded Luna asset.
It’s a liquid staking derivative that automatically converts staking rewards to UST.
It means that...
What are $LUNA derivatives?
Basically, a derivative is a contract whose value is linked to a specific asset.
ForeExample:
$bLuna is a bonded Luna asset.
It’s a liquid staking derivative that automatically converts staking rewards to UST.
It means that...
Every bLuna holder can claim $UST rewards on @anchor_protocol.
It can also be used as collateral.
For example:
You can use $bLuna to borrow $UST against it.
Depending on the leverage, this is an attractive option for those who have a higher risk appetite.
Next:
It can also be used as collateral.
For example:
You can use $bLuna to borrow $UST against it.
Depending on the leverage, this is an attractive option for those who have a higher risk appetite.
Next:
Stader's $LunaX is a powerhouse by itself.
Soon, you'll be able to use it just as $LUNA with all kinds of DeFi protocols.
You also get:
- Auto-compounded yield
- Airdrops with 1-click
- Less slashing risks
- Immediate unlock on DEX
- And much more
Plus:
Soon, you'll be able to use it just as $LUNA with all kinds of DeFi protocols.
You also get:
- Auto-compounded yield
- Airdrops with 1-click
- Less slashing risks
- Immediate unlock on DEX
- And much more
Plus:
We're working hard to add new use cases for $LunaX.
For example:
Soon, you'll be able to use it as collateral on @mirror_protocol
This opens a sea of possibilities with mirrored versions of real-world assets on top of your staking rewards.
The best part?
For example:
Soon, you'll be able to use it as collateral on @mirror_protocol
This opens a sea of possibilities with mirrored versions of real-world assets on top of your staking rewards.
The best part?
By minting $LunaX, you also get to farm up to 25,000 $SD tokens on Stader!
All you have to do is join the LunaX <> Luna LP Pool.
Stake now: terra.staderlabs.com/lt-pools
All you have to do is join the LunaX <> Luna LP Pool.
Stake now: terra.staderlabs.com/lt-pools
You can also deposit bLuna on @NexusProtocol and mint $nLuna.
Nexus will use it to borrow UST on Anchor.
Then, it's redeposited to benefit from Anchor´s Earn 20% APY .
That's how $PSI rewards go to $nLuna holders.
Next:
Nexus will use it to borrow UST on Anchor.
Then, it's redeposited to benefit from Anchor´s Earn 20% APY .
That's how $PSI rewards go to $nLuna holders.
Next:
Are you an arbitrage fan?
Then $vLuna from @WhiteWhaleTerra is for you.
First, add your $LUNA to the Whale´s arbitrage vault and get some $vLuna.
A bot will seek arbitrage opportunities between Luna and its derivatives.
That's how $vLuna increases in value with profits.
Then $vLuna from @WhiteWhaleTerra is for you.
First, add your $LUNA to the Whale´s arbitrage vault and get some $vLuna.
A bot will seek arbitrage opportunities between Luna and its derivatives.
That's how $vLuna increases in value with profits.
@prism_protocol refracts Luna into $pLuna (principal token)...
And $yLuna (yield token).
After refracting your Luna, you can put both derivatives to work.
You can stake $yLuna to earn staking yield or $pLuna to exercise voting rights.
Also, use them to borrow or lend.
And $yLuna (yield token).
After refracting your Luna, you can put both derivatives to work.
You can stake $yLuna to earn staking yield or $pLuna to exercise voting rights.
Also, use them to borrow or lend.
Tell us if we've missed out on anything below!
We'll definitely cover them in future!
We'll definitely cover them in future!
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