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Is UST technically swapped into aUST in Anchor EARN? Or

is it just minting aUST without using my UST?

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It's not a trade. aUST is like a LP token which represents your UST deposits on Anchor

Ṁäġëṅẗäṗïġṁëṅẗ- Автор вопроса

For UST depositing, you will get rewards every block i.e 6.77 secs.

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