Mirror Protocol bridges the crypto world to stocks. Here you can trade stock tokens and provide liquidity to earn interests. These stock tokens are pegged to their respective stocks in the real world.

Below are the steps required to provide liquidity using Mirror Protocol.

1. Go to https://terra.mirror.finance/my
2. Go to the Farm Tab.
3. Select the Farm that you want to participate in. Long Farm on Mirror tokens is selected in this example.
4. Input the amount of the token that you want to provide. The equivalent amount of UST will be displayed. Note: You need to have sufficient UST to provide liquidity.
5. Approve the transaction and you're all set.

Here is the transaction I made to provide 0.2 MIR and 0.9 UST into the MIR-UST pool.

Providing Liquidity on Mirror

Swapping

Another important feature of DeFi is the ability to swap / trade in a decentralized way. Terra(Luna) uses Terraswap to implement this feature. Terraswap is unique in a way where you can choose which type of currency (LUNA or any other stablecoins such as UST) to be paid as gas fee.

Below are the steps to swap using Terraswap.

1. Go to https://app.terraswap.io/#Swap.
2. Input the amount that you want to swap.
3. Click swap and confirm the transaction.

Below is the transaction I used to swap 0.2 LUNA to 1.06 UST.

What's DeFi without borrowing and lending platforms? For Terra (LUNA), this platform is called the Anchor Protocol. In brief, Anchor allows you to deposit UST to earn interests or borrow UST using bonded LUNA (bLuna) tokens as collaterals.

I'll be showing a step-by-step guide to borrow UST using Anchor.

1. Go to https://app.anchorprotocol.com/
2. Go to the Bond Tab.
3. Under minting, input the amount of Luna you want to bond to Anchor.
4. You can choose any validator that you like.
5. After minting, go to the Borrow Tab.
6. Under Collateral List, choose Provide.
7. Input the amount of bLuna tokens that you want to provide as collateral.
8. After confirming the transaction, click Borrow.
9. Input the amount of UST that you wish to borrow, be careful not to max out the LTV though, as you will get liquidated if the LTV is over 50%.
10. Confirm the transaction and you'll receive UST.

Below are all the transactions that I made to borrow UST.

Borrowing