What are the steps to start earning approximately 20% per year on UST stablecoins with Anchor Protocol?
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Terra (LUNA) is one of the year's hottest layer-1 (L1) ecosystems. That's because the platform supports a variety of decentralized finance (DeFi) protocols that allow you to earn compound interest on your cryptocurrency. Anchor Protocol is a popular choice among Terra users since it allows you to earn approximately 20% APY on TerraUSD (UST) stablecoins. Read on for a tour on Anchor Protocol if you're interested in earning passive income from stablecoins.
