A tender addition to Steakwallet’s dry-age vault — UST deposits now live

A tender addition to Steakwallet’s dry-age vault — UST deposits now live

Tired of using the Anchor interface and extension wallets to deposit your UST? Now you can do it on your mobile, hassle-free. Steakwallet has rolled out the single most intuitive solution for UST deposits on the market.  Depositing your UST has never been easier. Focus on earning your yields, and let Steakwallet take care of the rest.

Depositing your UST doesn't have to be complex. No more irritatedly scanning across your screen struggling to find the right sets of buttons to click in a sea of information. On Steakwallet, you make 3 taps and boom! UST deposited successfully. Don’t waste time. Triumph and earn only. 💯

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Get juicy cuts off your Terra assets with Steakwallet

Buckle up 💺, you are about to earn the tastiest UST yield through Anchor with Steakwallet’s smooth-as-butter interface.

Steakwallet users can now deposit UST in exchange for aUST and earn yields immediately. Additionally, we’ve rolled out full support for all CW20 assets, including ANC, MIR, and more so users can manage all of their Terra assets in one place. 🤝

About UST and the Anchor Protocol

TerraUSD (UST) is a decentralized stablecoin, built on the Terra network. It is widely successful and popular in DeFi due to its scalable monetary policy. UST is pegged to the US Dollar but unlike many other famous stablecoins, UST is an algorithmic stablecoin. To mint 1 UST, $1 worth of the reserve asset (LUNA) is burned. This helps to balance the supply and demand of UST circulation.

The Anchor Protocol is a popular platform built on the Terra blockchain to facilitate savings, lending, and borrowing. Lenders earn stable yield on their Terra token (UST) deposits through the protocol. The yield comes from earned interests of lenders’ UST deposits, which returns a profitable 19.5%-20.5% APY.

UST deposit via mobile app. A rare medium, well done 🥩

Steakwallet is the app to stake, deposit, and manage your assets. You are depositing your UST to earn yields and have fun managing your assets. Too many users miss out on the fun of earning yield because they are frustrated from scrolling mindlessly and scanning screens in vain just to deposit their assets!

Instead, zoom into the Steakwallet app and glide freely across your screen using our intuitive navigation features and minimized navigation levels to deposit your UST within seconds. 🙌


Steakwallet brings users native UST depositing in 3 taps

Steakwallet’s signature 3-click deposit mechanism makes it as easy as possible for you to start earning yield on your UST. To get started, open up your Steakwallet app and navigate to the Anchor aUST profile. Next, simply:

  1. Tap Deposit
  2. Choose the amount of UST to deposit
  3. Confirm and earn! 💸

By allowing anyone to deposit their UST in just a few taps, Steakwallet opens up the world of high yield opportunities to billions around the globe without access to desktop or laptop computers. Stay tuned for more Terra opportunities in the future as we look to adding bETH, bLUNA and more juicy stakes for users to enjoy!


More on Steakwallet

Steakwallet is a next generation multi-chain self-custodial Web3 wallet on mobile. Our goal is to give users one place to manage all their assets across chains and make engaging with Web3 as easy as never before. To achieve this, Steakwallet brings critical functionality natively into the app where we abstract away backend complexity and add market leading user experience. This includes Steakwallet’s signature 3-tap staking flows, which make participating in securing blockchain networks and earning yield as simple as ordering an Uber or a pizza. With our Explore Screen, Steakwallet allows you to find all the right dApps on any chain. With one simple tap via WalletConnect, you can now easily bridge, swap, and ape into any yield opportunity right from your phone. And with multi-chain NFT support, you can collect all of your favorite NFTs in one place and even set them as your background for to easily flex your collection. Now this is what a Web 3 wallet should look like!

Core Steakwallet Features

  • Your keys = your crypto
  • Multi-chain by default
  • Native staking flows
  • Discover the best of each chain on our Explore Screen
  • Best rates
  • Mobile-first

Come hang – join the Steakwallet community on Discord and follow Steakwallet on Twitter for all updates!


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