Undoubtedly, one of the best performing players in the crypto markets in recent weeks. Terra (Luna). Obviously there are a lot of people investing in Terra, so why not get a little extra by getting down to business and farming?
Anchor (ANCT)
There are so many great projects involved in the ecosystem and above all Anchor (ANCT) we can talk. Anchor aims to offer token users long-term price stability, protection of purchasing power, and protection against inflation while protecting against daily market volatility.
Anchor, at least not a farming option in the traditional sense, can also be defined as a bank type savings and investment option. This is actually a pretty good option. You can deposit UST and get an UST that you can use elsewhere and earn 19.4% while doing it. So it presents a pretty good opportunity.
Anchor was also designed as a borrowing platform. And he uses three types of collateral before he takes out a loan at UST. These are beTH (affiliated Ethereum), bLUNA (affiliated LUNA) and sAVAX (registered AVAX).
Osmosis (OSMO)
The number two farm domain on our list today is a decentralized AMM (Automated Market Maker) with both its own blockchain and its own blockchain. Osmosis (OSMO).
The most unique case here is that it is possible to trade on IBC tokens. IBC is part of the Internet Blockchain Communication or Cosmos Protocol (ATOM). So all blockchains built on Cosmos, including Cosmos, Crypto.com (CRO), Secret (SCRT), Cavapoo (CAVA) and Terra (LUNA), you can trade their tokens here.
There are two excellent pools at Osmosis that we can take advantage of the LUNA/UST. To start with pool 562. A LUNA/UST pool would be a natural fit, with both tokens paying an excellent 43.76%. The second pool 565 is designated as LUNA/ATOM. We’re partnering LUNA with ATOM, resulting in a 32.51% return. And then it’s up to you to decide whether you want to keep ATOM or sell it for more LUNA or another coin.
Another thing to watch out for is that when you tie these assets to the stock, your APR will drop if you decide to do a one- or seven-day tie-break instead of 14 days at the bend. And you can’t win anything.
Edge (EDGE)
The third farm on the list is Edge. Edge was originally conceived as a Web3 infrastructure and is a peer-to-peer network and blockchain that provides high-performance decentralized web services powered by spare capacity around us.
Edge is a lending protocol. So you can have the LUNA earn interest in a one-sided bonding environment. If you do, you can earn 1.88% on EDGE without the risk of permanent loss. However, this rate is of course very low.
You can take this farm one step further and connect your LUNA to bLUNA so you have a chance to win permanent rewards on your LUNA as well, and then invest those LUNAs in EDGE and earn an additional 6.88%.
Spectrum Token (SPEC)
The fourth farm is Spectrum Finance. This platform is a yield optimizer and one of the advantages here is that it can give us better yields than where the farm was set up.
LUNA/UST on Astroport (Astroport is an automated decentralized exchange protocol on the Terra blockchain) pays 10.03%. This is pretty good and happens in two tokens.
However, on Spectrum, we can earn 28.67% interest if you agree to receive payments with native SPEC tokens. You can also exchange your SPEC for UST immediately. If you choose this, you can add LUNA or even some of both LUNA and UST to add to this pool. If you choose the second option LUNA and bLUNA, this pool gives us the advantage of almost no risk of permanent loss. Astroport gives us a nice increase of 12.47% to 15.36% to get paid in SPEC.
Astroport (ASTRO)
The last farm on the list is Astro (ASTRO). Astro, a decentralized exchange in the Terra system. Astroport has an excellent LUNA farm that Spectrum does not cover, and that farm is stLUNA/LUNA.
On LIDO, you will stake your LUNA and earn 7%, then on Anchor your liquid token like AUST for USD deposits is still stLUNA which we bring to Astroport. This pool pays 18.98%, which is on top of the 7% stick you earn in the stLUNA division.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.