Zeilend on Terra/Luna/Anchor on [[2021-11-19]]❌:
Anchor [is where I get 20% interest] Gemini ust is wrapped The 20% is baked into tokenomics Anchor is the main protocol on Terra. Soon there will be a new protocol that gives you this 20% and will also look for arbitrage opportunities if UST goes to 1.01 or 0.99 I get USDC on coin base, swap for Ust/Luna on Kucoin and then sent to terra wallet
- Make bLuna (finding an arb opportunity)
- Put bLuna up as collateral to get ust loan [Anchor]
- Put some ust into ‘earn’ for 20% (getting aUST in return)
- Take your aUST to another protocol to both short and long farm Tesla stock for another 40% [like mirror]
- Hope the SEC doesn’t get involved
I don’t do that last step. Seems like too many things to undo
links:
Luna Plan:
-
get UST
- have/get udsc on coinbase
- send to kucoin
- swap for UST
- put UST in Anchor
I did the above, but with the extra dumb step of buying UST(wrapped, ERC20) on Gemini and having to bridge it to Luna for $20 in gas.
I’ve now got $420 in UST earning ~20% interest on Anchor.
now:
- Sent $700 from schwab to coinbase -> bought USDC
- Send USDC to KuCoin
- Sold USDC for UST
- Withdrew UST to terrastation
- Swapped UST for Luna