Anchor Protocol Step-by-Step Guide: How To Earn 20% Interest on UST

In this video you will learn how to how to earn 20% Interest on UST based based on the Terra blockchain. Terra USD (UST) is the Terra Blockchain’s native token. What UST essentially is it’s a decentralized stable coin that pays out interest. It’s the first of its kind. Not only that. It also solves many problems with scalability. As we know, the Ethereum blockchain has major problems in this area, but the Terra USD provides unlimited scalability as such. This is what makes it stand out.

Another part that stands out apart from earning feature on the Anchor protocol is also it’s interoperability across different chains. This is awesome as you are able to move assets across chains using the Dropship protocol. As you earn 20% APY on UST, you might also want to take part in their other features such as the Borrow feature, Bond, as well as Govern. All of these can be covered in another video. It all takes place on the Anchor Protocol, which itself is based on the Terra blockchain. So essentially, as you will be saving through the the anchor protocol.

Register For Your KuCoin Account Here:

In this video you will learn how to deposit funds on KuCoin. KuCoin is has become a popular exchange with its dynamic but subtle expansion in products. This KuCoin exchange tutorial will only focus on how to deposit funds. KuCoin exchange is quite radical in that it tends to also list some not so popular tokens. This is why we can’t completely ignore this exchange.

To Deposit Funds on KuCoin Exchange:

I do have another KuCoin tutorial where I show you how to use their trading bot. This bot basically trades on your behalf, consistent profits as well, depending on the market performance. Apart from that, there are also another KuCoin tutorial where I show you the various ways to earn passive income on KuCoin exchange, all of which don’t require you to be a trader at all.

How to Earn Passive Income on KuCoin:

0:00 Intro
2:00 Anchor Protocol Explained
2:39 TerraUSD (UST) Introduction
3:39 Deposit Crypto on Kucoin
4:13 Transfer from Main Account to Trading Account
4:55 KuCoin Tutorial – Spot Trading
7:26 Transfer UST from Trading Account to Main Account
7:49 Withdraw UST from Kucoin to Terra Wallet
8:03 Terra Station Wallet Installation
13:42 Anchor Protocol Website
13:52 Connect Terra Station Wallet to Anchor Protocol
14:07 Deposit UST to Anchor Protocol to Start Earning Passive Income😎

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Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Vincent Mbatha (Simple Passive Income) is not providing you individually tailored investment advice. Nor is Simple Passive Income registered to provide investment advice. Vincent Mbatha is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Vincent Mbatha is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.


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