# Basic guide to Anchor/Pylon staking

By [virginia](https://paragraph.com/@virginia) · 2021-12-02

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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:

1.  UST staking on Anchor:
    
    – buy or swap UST
    
    – go to the EARN section of Anchor and put UST in stake, getting 19.4% APY\*
    
2.  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\*
    
3.  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):

1.  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):

1.  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.

![](https://storage.googleapis.com/papyrus_images/08272cd34307b5d41df3534744c4ef05c353634c03ae6a2f9165093a89f1407a.png)

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*Originally published on [virginia](https://paragraph.com/@virginia/basic-guide-to-anchor-pylon-staking)*