Anchor Protocol Setup Guide: How to Earn Passive Income With Your LUNA, UST, & ANC Tokens
00:00 Intro:
01:15 You will need 3 tokens: LUNA, UST, & ANC
02:09 You will need the Terra Station Wallet and Browser Extension
02:35 Best Practice is to Manage the Wallet U sing your Ledger Nano Device
04:34 How to Add tokens to the Terra Station Extension Wallet
05:31 How to fund the Terra Station Wallet (Buy Terra & UST and Deposit in Wallet)
06:17 Using the Swap Feature of Terra Station wallet
07:06 Purchase LUNA Tokens from Kraken to your Terra Station Wallet
08:59 Purchase LUNA Tokens from KuCoin to your Terra Station Wallet
09:33 Purchase LUNA Tokens from Crypto.com to your Terra Station Wallet
11:01 Purchase UST Tokens from KuCoin to your Terra Station Wallet
11:46 Purchase UST & ANC Using the Swap Feature of Terra Station
14:28 Ways to Earn on Anchor Protocol
15:52 Single Token Staking Using Anchor (ANC) tokens
17:45 Liquidity Pool Token Staking Using ANC-UST LP tokens
21:55 Deposit UST Tokens into the Earn Program
23:51 How to View Your Estimated Earnings
24:42 How to Borrow UST to Add to Your Deposit Amount
25:22 Bonding Your LUNA Tokens (Mint bLUNA with your LUNA)
26:23 Provide Collateral using your Bonded LUNA (bLUNA)
28:12 Borrowing UST Against your bLUNA Collateral
30:17 Deposit Your Borrowed UST into the Earn Program
32:39 View your Increased Earing Estimates
32:54 Make sure your Monitor the Current Price of LUNA to Avoid Liquidations
34:25 Total Earnings Overview
35:22 How to Withdraw/Cash Out from the Earnings Programs
35:39 Withdraw Your UST from the Earn Program
36:45 Repay the UST you Borrowed
37:34 Withdraw Your Collateral (bLUNA)
38:39 Unbond/Burn your bLUNA (convert back to LUNA)
40:07 Unstake Your ANC-UST LP Tokens
41:03 Withdraw Your LP Tokens back to ANC & UST
42:30 Withdraw your ANC Tokens from the Single Token Pool
43:21 How to Interpret the Total Value Readout at the Top
44:10 Overview
Coin Gecko page for Terra (LUNA): https://www.coingecko.com/en/coins/terra-luna
Terra Home Page: https://www.terra.money/
Anchor Protocol: https://www.anchorprotocol.com/
Anchor Web App: https://app.anchorprotocol.com/
Nice Tutorial on Impermanent Loss: https://finematics.com/impermanent-loss-explained/
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Legal & Disclaimer Notice: This video is provided solely for informational and/or educational purposes. It is not offered as advise (whether professional, financial or investment advice or otherwise) Investing in Cryptocurrencies in inherently risky. Never spend money on Cryptocurrencies you can’t afford to lose.
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#terra #luna #anchorprotocol
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