How to stake Stablecoins on anchor
January 3rd, 2022

1--

We'll use @anchor_protocol for this (http://app.anchorprotocol.com).

For a $10,000 investment, you will earn:

  • $ 1,950 per year
  • $ 162.50 per month
  • $ 37.50 per week
  • $ 5.34 per day

Stablecoin interest isn't sexy but this is one of the easiest ways to get started with #DeFi..

2--

It's easy to mentally wrap your head around earning interest on #stablecoins, and the process will introduce you to using a crypto #wallet, #DEX, and #staking, which are critical pieces of any DeFi strategy.

Try it out. #wagmi

3--

Step 1: Buy $LUNA on an exchange like @binance / @gate_io

Step 2: Download Terra Station wallet as a chrome extension and set it up.

Step 3: Transfer $LUNA to Terra Station Wallet. (Some exchanges may not allow this- find one that will)

Step 4: Exchange $LUNA for $UST on @terraswap_io

Step 5: Go to Anchor protocol and stake the UST there (click Deposit under the “Earn” tab)

There's also a nice calculator there that will show you your expected interest per day / week / month / year.

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