Often I see questions about how to use Anchor/Pylon. Here a quick and effective guide. It doesn't give a complete overview of what you can do, but just one possible option you have to start getting to know how to use Anchor and Pylon:
UST staking on Anchor:
– buy or swap UST
– go to the EARN section of Anchor and put UST in stake, getting 19.4% APY*
Anchor governance stake
– buy/swap/get airdropped ANC
– go to the GOVERN section of Anchor and use "Gov Stake" to stake the ANC you bought and get 7.88% APR*
Pylon staking
– buy/swap/get airdropped MINE
– stake MINE and get 7.8% APY*
Alternatively to staking in point 2), you can provide liquidity (risk of impermanent loss):
Anchor governance LP stake
– select ANC-UST LP
– provide ANC and UST and get LP tokens
– stake LP tokens in the "stake" tab, getting 77.67% APR*
Alternatively to staking in point 3), you can provide liquidity (risk of impermanent loss):
Pylon LP stake
– select "provide or withdraw" in the MINE-UST LP box
– provide MINE and UST and get LP tokens
– stake LP tokens in the "staking" tab, getting 93.02% APR*
Instead of using each function separately, there are some way to combine some of it:
Anchor borrow + stake:
– buy/swap LUNA
– go to the BOND tab and bond LUNA to mint bLUNA
– go to the BORROW tab and provide bLUNA selecting LTV 45% or less (the higher the riskier of getting liquidated)
– by borrowing you get the 45% (or the % you selected) of the value of your bLUNA in UST, added to your wallet
– use the UST to stake in Anchor or buy ANC/MINE and stake them
In this case you get 29.48% APR* for borrowing UST (yes, you do!), plus the 19.4% APY* you get on the staked UST
*Note: all the APR or APY percentages change over time, those mentioned are the APY/APR available at the time of writing.
