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Buying The Dip & Getting Into Terra Network

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@xabi
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Evening

So there is blood on street, as the Bitcoin slummed down from $55K to $43K in just 24 hrs and took rest of the alts down with it. I feel we are now officially into the bears and this is gonna last for sometime. I was among the lucky ones, who had already tucked away some of my savings into stable coins before the dip.

I hope you all have got some nice returns on your investments in last bulls season and saved some of the profits as stable coins to buy the dip.

As far buying the dip goes, I was looking for a way into Terra world. So it turns out the current bears is to be my chance. So, here is how to move funds from Binance Smart Chain to Terra Network:

  1. Install Tera Station browser extension and create you Terra account

  2. Swap BUSD for UST from Pancakeswap.

  3. Transfer UST from your Binance Smart Chain account to your Terra Station account using the Terra Bridge.

Using the bridge costs just a few cents and takes about 30 sec for funds to arrive in your Terra wallet. Once the funds(UST) arrive into the wallet, they could be used in a myriad of defi applications/protocols on Terra Network.

Terra Network is a whole new world and I am myself discovering my way into it. I have explored a few cool Terra Projects so far, like Anchor Protocol, Mirror Protocol and Loop Finance.

I decided investing in Loop Finance and provided liquidity in Luna-Loop pool, as returns are awesome. But, I plan on expanding my reach to Anchor and Mirror protocol as they seem to be promising.

Thanks to the dip I got some nice exchange rates for Luna- Loop LP.
So, cheers to buying the dip!

Posted Using LeoFinance Beta