With the recent launch of aUST, there is a strategy that can earn 40%+ stablecoin APY by supplying aUST & borrowing UST.

Here are the simple steps to leverage up your aUST:

Step 1: Bridge aUST to your BSC wallet
-Both LUNA & aUST on Planet, are wormhole assets and can be used on Portal. You’ll need to add aUST when you choose “select token”. You can do so at https://portalbridge.com/

Step 2: Supply aUST on Green Planet
-You can do do so at https://planetfinance.io/lending

Step 3: Borrow UST on Green Planet
-Borrow rates are typically 20%–60% better for those who reach level 3 by supplying GAMMA.

Step 4: Bridge UST to Terra (BEP20)
-The bridge is typically called "shuttle" and you can do so at https://bridge.terra.money/

Step 5: Deposit UST to get aUST
-To use Anchor, you’ll need to have a Terra Station wallet. You can find it at https://chrome.google.com/webstore/detail/terra-station-wallet/aiifbnbfobpmeekipheeijimdpnlpgpp

Step 6: Supply aUST on Green Planet

*Tip: the lowest borrow rates are available to those supplying enough GAMMA to qualify for Level 3. To qualify for Level 3, the value of your GAMMA supplied needs to equal at least 10% of the value of your collateral on Green Planet.

The beautiful part of this strategy is, if you have aUST supplied earning 20%+ and the stablecoins you are borrowing, are cheaper than 20%, your borrow usage should continue to reduce over time, allowing you to continue to borrow more. This happens when the value of your collateral is increasing faster than the interest on your borrowed debt.

If you want to learn more join Planet’s telegram: https://t.me/planet_finance