Earn 20% APY on UST With Anchor Protocol

Want to get a better than average return on your money without the risk of volatility or price movement?

Well, you came to the right place as in this article, I am going to tell you about Anchor protocol and how you can make 20%(19.5% to be exact) on your USD!

What is Anchor Protocol

Anchor protocol is a DEFi dapp built on the Terra blockchain. Anchor protocol allows you to borrow and lend UST (Terra's stable coin).

So how can you actually deposit your money and start earning?

Simple, Buy UST on an exchange or buy Luna and swap it into UST using a dex> connect terra station or another wallet to Anchor Protocol Dapp >go to the earn page, deposit your UST!

https://app.anchorprotocol.com/earn

Not too hard right!

Be sure to keep 10$ of UST not deposited for gas fees so you can withdraw your money!

you don't need LUNA coin for gas fees, UST is used for gas fees

That's it!

Be sure to keep in mind the risk of smart contract failure or bugs!

I hope you found this article helpful!

Cheers!

(not financial advice)

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