#  How to stake Stablecoins on anchor

By [pokonyan](https://paragraph.com/@pokonyan) · 2022-01-03

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We'll use @anchor\_protocol for this ([http://app.anchorprotocol.com](http://app.anchorprotocol.com)).

For a $10,000 investment, you will earn:

*   $ 1,950 per year
    
*   $ 162.50 per month
    
*   $ 37.50 per week
    
*   $ 5.34 per day
    

Stablecoin interest isn't sexy but this is one of the easiest ways to get started with #DeFi..

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It's easy to mentally wrap your head around earning interest on [#stablecoins](https://twitter.com/hashtag/stablecoins?src=hashtag_click), and the process will introduce you to using a crypto [#wallet](https://twitter.com/hashtag/wallet?src=hashtag_click), [#DEX](https://twitter.com/hashtag/DEX?src=hashtag_click), and [#staking](https://twitter.com/hashtag/staking?src=hashtag_click), which are critical pieces of any DeFi strategy.

Try it out. [#wagmi](https://twitter.com/hashtag/wagmi?src=hashtag_click)

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Step 1: Buy [$LUNA](https://twitter.com/search?q=%24LUNA&src=cashtag_click) on an exchange like [@binance](https://twitter.com/binance) / [@gate\_io](https://twitter.com/gate_io)

Step 2: Download Terra Station wallet as a chrome extension and set it up.

Step 3: Transfer [$LUNA](https://twitter.com/search?q=%24LUNA&src=cashtag_click) to Terra Station Wallet. (Some exchanges may not allow this- find one that will)

Step 4: Exchange [$LUNA](https://twitter.com/search?q=%24LUNA&src=cashtag_click) for [$UST](https://twitter.com/search?q=%24UST&src=cashtag_click) on [@terraswap\_io](https://twitter.com/terraswap_io)

Step 5: Go to Anchor protocol and stake the UST there (click Deposit under the “Earn” tab)

There's also a nice calculator there that will show you your expected interest per day / week / month / year.

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*Originally published on [pokonyan](https://paragraph.com/@pokonyan/how-to-stake-stablecoins-on-anchor)*