Terra ❤ Anchor
This blog will go through Anchor protocol. Earn | Borrow | Bond
Actions
1. Earn: A savings account interface to earn Anchor yield on Terra stablecoins.
- deposit
- withdraw
2. Borrow: Borrow Terra stablecoins from Anchor. The protocol requires users to provide bAsset tokens as collateral before making a loan.
- provide collateral
- borrow UST
- repay borrowed UST
- withdraw provided collateral
3. Bond: Interact with bAsset tokens.
- mint (bond assets to mint bAssets)
- burn (burn previously minted bAssets unbond your assets)
- claim (burned bAssets or Staking Rewards)
Get Started!
Go to anchorprotocol and connect to your testnet wallet.
As of March 17th, 2021, Anchor only supports TerraUSD (UST) as the base currency. So if you have no UST in your wallet, please add it first.
1. Earn
Deposit 100 UST 👇
Withdraw 10 UST 👇
2. Borrow
To provide collateral, I need bLuna.
Borrow maximum UST (suggested at 35% LTV, max at 40% LTV ) 👇
Repay all borrowed UST 👇
Burn has 2 options here:
- Burn: Burn bLuna through the bLuna protocol and redeem Luna. Take at least 21 days to process.
- Instant burn: Swap bLuna for Luna through Terraswap.
Burn 10 bLuna 👇 redeemed Luna can be withdrawn at the CLAIM tab after a unbonding period of at least 21 days.
Burn completed, redeemed Luna can be withdrawn at the CLAIM tab after a unbonding period of at least 21 days.
Instant burn 10 bLuna 👇
- Withdraw: this subsection is only applicable for those that have burnt Luna through Burn.
- Claim: bLuna rewards only accrue only if the user is currently holding bLuna tokens.
Withdraw 9.948385 Luna 👇
Claim 6.204 UST 👇
Bye 👋
