Anchor Protocol Full Beginner Guide For 20% APY (2022): Step By Step Tutorial

We are looking at how to use Anchor Protocol!

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0:00 - Intro
1:14 - What Is Anchor Protocol?
4:03 - How To Set Up TerraStation Wallet (With Ledger)
5:11 - Creating A New Wallet
5:59 - Recovering A Wallet
6:28 - Setting Up Wallet With Ledger Nano
8:17 - Connecting To Terra Station Web Wallet
9:07 - How To Buy UST
11:52 - Buying UST With Crypto.com & TerraStation
15:13 - Buying UST With Kucoin & Gemini
19:27 - How To Deposit & Withdraw UST On Anchor Protocol
20:56 - More Tips & Tricks For Anchor Protocol
24:10 - Closing Thoughts

​​#Anchor #ANC #Terra

OVERVIEW: Anchor Protocols is a decentralized currency marketplace based on the Terra blockchain, offering Terras UST depositors, the USD-pegged Terras stablecoin, a 20% annual yield. Anchor Protocol is a savings protocol based on the Terra blockchain that offers users low volatility returns of up to 20%. Taking into account the peg rate, the Anchor Protocol Coin (ANC) offers users a low volatility return of just under 20%.

At the time of release, the APY for the Anchor Saving Protocol or Anchor Rate is known to be 19.47% APY. The anchor rate can also fluctuate as the relationship between lenders and borrowers changes. Some DeFi lending protocols lack high-risk investments because they do not use stablecoins as collateral - another major issue that Anchor is looking to mitigate

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