Thread by @staderlabs

4 ways to use Terra's protocols to your advantage!

(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:

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:

You borrow more $UST on Edge, against these $aUST tokens.

Then you go back to Anchor and deposit the borrowed $UST to add another stream of 20% APY.

The best part is:

You can repeat this cycle over and over again...

As long as your risk appetite allows you to.

Next:

3. @mirror_protocol

Mirror is a unique platform where you can trade assets that track financial instruments like stocks.

These assets are called mAssets.

You can buy mAssets.

OR

You can borrow them.

You have a favourite stock in mind?

Here's how you can borrow it:

Mirror allows you to deposit several Terra assets.

Borrow a mAsset against any one of these assets.

Now, what do you do?

You can deposit it back into Mirror and earn a healthy yield.

Every mAsset offers a different APR.

OR

You can short them.

Why?

Because you probably believe that a stock might drop in value.

If it does, so will its mAsset counterpart.

And you can take advantage of this price arbitrage to bag a handsome profit.

Next money market:

4. @astroport/ @loop_finance

Loop doesn't allow you to borrow any asset.

However, it certainly allows you to stake several Terra assets...

Which you can borrow from the protocols that we mentioned.

Now the question is:

How to maximize your gains with these protocols?

Individually, each of these protocols can help you multiply your gains.

But the real magic happens when you employ all of them together.

Instead of looking at these protocols individually...

You must look at them together as one large money market.

The moment you do that:

You start to see a world of profitable opportunities you never thought were possible.

Here's what it might look like:

- Borrow $UST on Edge against $LUNA
- Deposit the borrowed $UST on Anchor and earn 20% APY in $aUST
- Borrow mAssets on Mirror against $aUST

And finally...

- You long or short farm the mAsset on Mirror to boost your gains further.

Sounds exciting, doesn't it?

Actually, the more you explore these money markets the more hidden gems you'll find.

However, all this does come with some problems.

Such as:

- Identifying the right strategies based on your risk appetite

- Implementing the strategy across several protocols

- Monitoring how these strategies are performing across these protocols

So, you could go through all this hassle.

Or.

Set it on auto-pilot.

Here's how:

We are soon launching Degen Vaults that does it all for you.

These vaults contain strategies that utilize all these money markets optimally.

And boost your gains without any hassle to you.

Want to learn more about it?

Check it out in this blog:

blog.staderlabs.com/launching-soon…

Also, the launch of #DegenVaults will unlock all these amazing #LunaXPossibilities...

Tweet your #LunaXPossibilities with #LunaXDegenathon!

3 winners take home a pool of 500 UST.