Earn 20% on USD on Terra’s Anchor Protocol — Benefits & Risks
Forget Banks — Enter the Era of Stablecoin Passive Income?
Edit: See my walkthrough on YouTube here.
Stablecoins play an integral role in the cryptocurrency market.
They provide crucial liquidity in exchanges and serve as a risk-off safe-haven asset for investors and traders.
Recently, Terra’s LUNA token exploded into the Top 10 List, boasting a formidable $40 billion+ market cap that rivals competing blockchains like the Binance Smart Chain (BNB), Cardano (ADA) and Solana (SOL).
Wait — what does Terra LUNA have to do with stablecoins?!
Everything!
The purpose of LUNA is to stabilise the price of Terra’s stablecoins. In fact, Terra is a network of decentralised algorithmic stablecoins.
Terra’s USD stablecoin — called TerraUSD (UST) — has become legendary among investors for returning a stable 20% per year on Terra’s Anchor Protocol.
Want to save money but can’t endure the stomach-churning volatility of real cryptocurrencies like BTC & ETH? UST may just be your dream proposition. However, one must also be educated about the risks.
