Thread by @cryptocafe__

The Stablecoins Strategies to Survive in #crypto

This is a thread with lessons about:
- How to set up your Terra Station Safely
- How to use Anchor Protocol properly

1/x

Anchor Protocol is by far the safest savings protocol for your $UST.

You can easily get a 19.5% APY yield,

and you can withdraw your funds any time,

within seconds, and under low risk.

You must understand, 19.5% APY is a FANTASTIC ROI in the stock/real estate markets.
2/x

First, you should set up a Terra Station.

Use a BRAND NEW wallet to store your stablecoins.

That is, you shouldn't use the same wallet which you trade, leverage, receive airdrops...etc.

You will never want your stablecoins to be hacked.

3/x

Personally, I bought a NEW LEDGER HARDWARE WALLET to save my stablecoins and connect to Terra Station.

You can learn how to set up your Ledger Terra Account from their official website: reurl.cc/oeOKYq

4/x

Next, go to the "correct" Anchor Protocol website:(anchorprotocol.com)

I mentioned this because there are phishing websites which looks absolutely identical to Anchor Protocol.

If you deposit your $UST here, you CANNOT withdraw your funds.

Be aware of the scams!
5/x

You deposit your $UST from exchanges to Terra Station.

-> Go to Anchor Protocol, click Connect Wallet, and install Terra Station

-> Deposit your $UST by simply clicking the button Deposit.
(You can deposit any amount: no minimum and maximum amount.)

6/x

-> Confirm the transaction in your Terra Station and Ledger.

-> Done! Now you begin to start earning 19.5% APY on $UST, pretty simple, right?

Go to the EARN tab, and you can check the income on your deposit for a day, week, month and year.

7/x

If you want to withdraw your $UST, simply click on the Withdraw button on the Earn tab
-> confirm in Terra Station and Ledger wallet
-> receive your $UST in Terra Station

8/x

To wrap it up, you can use Anchor Protocol safely if you:
1. Use a Ledger Hardware Wallet to connect Terra Station
2.Send small amount of $UST first. Even #VitalikButerin try small amounts first, when he send coins to a new address.
3.Use the REAL Anchor Protocol website.

9/x

That's it! Thank you for reading this thread,

I will teach you these topics in the next threads:
- How much % of stablecoins should you HODL
- How to use stablecoin to survive in the crypto market

Follow me and RT, let's share and learn together in the Wild West Crypto World!