Hi all, been keeping an eye on staking stable coins on the market for a rather great steadily return. Just came across anchor protocol, and really impressed with their 19% return.
After looking into a lot of reddit posts and youtube about how to get UST, I didn't manage to find a specific answer for AUD, just wondering in what way is the cheapest or best in order to get AUD to UST.
Thanks in advance!!!
AUD > CEX > buy LUNA > Tx wallet > bond LUNA to mint bLUNA > use bLUNA to borrow UST > Deposit UST > screenshot and show plebs that keep their savings in fiat money in a bank to earn 0.001% APY.
Including the 31% drop in price Luna has had over the last 2 weeks if you want to be thorough.
Lucky they didn't ask for the same advice at Xmas..
A -31% drawdown is a -31% discount.
Noobs buy high, sell low and cry themselves to sleep.
Hodlers buy low, mint UST, wait for a drawdown, buy more and wait for it to go up.
What you have suggested is a bit advance to my understanding…….XD
As a starter, I think the best approach is to start with 19% by staking UST and that's it…
Buy luna on binance, they have a luna/aud pair. Convert that to UST, download the terra station wallet and send to the wallet from binance. Go to Anchor and you connect your wallet there. When staking, be certain about the amount, fees and term. Withdrawing to add small amounts will cost fees for example. Leave some UST unstaked, so you can use that for unstaking fees etc. Not sure about fees for this method, but it is easy.
Hi, I actually give it a try on your method, comparing with buying ATOM, transfer to Osmosis to convert to UST.
Ignoring the fee, ATOM method seems to give roughly 1% more than your method but there are more steps needed.
Independent or FTX have low fees. Should do the job