Wohoo, 25% APR on my $LUNA 🕺🕺

Want to stake your LUNA for a 25% APR in a farm that will have very limited impermanent loss? Well, loop finance may be your answer.

Keep in mind, this it not financial advice and DYOR🤪

If you are on this article, then I assume you already have LUNA and have transferred it to your terra station wallet. Head over to https://dex.loop.markets and connect your terra station wallet.

Since I wanted a lower risk investment, I have opted for the BLUNA-LUNA option. Its got the greatest TVL, but since BLUNA and LUNA are pegged, it will give me the least impermanent loss.

Take note, that your rewards are in $LOOP, which has not done too badly over this bearish period. The team looks good and as of now, sticking to their roadmap.

Step 1: Swap half your LUNA for BLUNA

Its a simple enough process as outlined below. I already had some BLUNA, so although my figures are odd, you get the idea 😀

Now, that you have an equal mix of LUNA and BLUNA, lets purchase some LP.

Step 2: Purchase LUNA/BLUNA LP

Now head off to Pool and choose LUNA/BLUNA and purchase your LP tokens.

Remember to approve on terra station and once that is done, you can head over to your portfolio.

Step 3: Stake your LP in the farm

Head over the the farm and choose the BLUNA-LUNA farm.

You can now choose MAX and stake. Remember to approve on terra station.

Step 4: Claim your LOOP rewards

Under your portfolio, you can keep track of your loop rewards and once you claim those, swap them for LUNA and continue the cycle…

Conclusion

As we know DeFi is risky, so do be carefull. But LOOP does seem to have a good reputation. Here is their roadmap for Q1 2022:

• Launch Loop Chrome Extension
• Add more functionality & integrations to Loop App
• Scale up Loop Learn partnerships and content
• Work with cross chain Launchpads to bring more projects and money to Terra
• Launch more exclusive projects powered by Loop
• Launch easy one-click DeFi products
• List on more top tier CEXs