it basically staking? if so am i staking into a stable system?
Yes delegate means you have staked. Your number of coins will stay the same, but the value depends on the price of Luna :)
ahh so i'm staking luna!! okay makes sense, do you know where i can stake ust on luna platform?
ohh. UST isn't staked, you lend it for borrowers' use and get interest on it. The desktop app shows it as 'Earn', or you can connect your wallet to app.anchorprotocol.com to deposit it there
ah perfect thanks man! do you know what the apy is for it?
currently 19.47%, though it becomes dynamic next month - as the yield reserve goes down, the APY will go down by a maximum of 1.5% per month, to a minimum of 15% (I imagine it will be subsidised once it gets to 15% but I don't work for TFL so that's just my guess)
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