1/9 So you've finally bought some $LUNA, what do you do now? Instead of letting it idle on an exchange or in your wallet, you can stake it to earn more $LUNA on your original $LUNA.
Short thread for friends new to #Terra ecosystem. ๐งต๐
2/9 First go to station.terra.money and click 'Connect' on the top right, and then click on install 'Terra Station Wallet'.
3/9 After installation, click on the extension and click on 'New Wallet'.
4/9 You will be presented with a page like this where you can name your wallet.
Your mnemonic / seed phrase will also appear. DO NOT share this with anyone! This is equivalent to sharing your username and password at the same time.
Write this down and keep it somewhere secure!
6/9 Your new wallet address generated will start with 'terra...'
You can now send $LUNA and $UST and other #Terra assets from @FTX_Official, @binance, or other exchanges that support the #Terra network into your wallet.
It is good practice to send a small sum first to test.
7/9 Lastly, go to station.terra.money/stake and select a validator with 100% uptime and low voting power to help secure and decentralize the #Terra network.
8/9 Once you've selected a validator, click on the blue button that says 'Delegate' and select the amount of $LUNA you would like to delegate.
Before you delegate, take note that there's a 21 day unbonding period where you can't touch your $LUNA.
9/9 You can now enjoy up to 10% interest on your $LUNA!
Interested in knowing more about staking? There are many ways of staking your $LUNA. Follow us and we'll explore the wonders of staking in our next comic!
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2/ This method is known as DCA which stands for dollar-cost averaging. It is a really well-known strategy that outperforms most people, including most traders and hedge fund managers!
3/ DCA is where you add to your existing positions regularly. This can either be daily, weekly, monthly, or based on certain conditions that we can talk about in a bit.
Now that you understand staking, let's explore other ways that you can earn rewards on your $LUNA. One of the
ways for you to do that is through yield farming!
1/8 With USAโs latest CPI at 7.5%, inflation is at its highest in 40 years, how can you protect your purchasing power safely and beat inflation without worries?
A short comic and threadย on how anchor protocol can protect you from inflation. ๐งต๐
$LUNA $ANC
2/8 Anchor protocol is a high-interest savings protocol that is providing 19% interest rate. That sounds too good to be true but it has been stable and consistently giving that for a year already. So how can you participate in this? Itโs simple!
3/8 First you need to install Terra station on your desktop or mobile. Once installed, you need to create a Terra wallet which is like your own bank account where you can transact and store UST. UST has the same value as USD and is stable.