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How to earn passive income with crypto?

myanmar mmk passive income UST USDT Staking Anchor Protocol Luna Terra Binance P2P

Following the LUNA debacle, we have taken the decision to keep this article as a constant reminder that Crypto is a highly speculative market, and you should not invest more than you can afford to lose.

Since the military coup, Myanmar has yet to recover any sort of stability. The country’s situation has triggered a currency crisis. Myanmar Kyat is increasing against USD causing the price of imported products to rise. Exchanging MMK with other currencies has become a challenge. 

People are wondering how to keep their money safe. Are banks in Myanmar still safe? Shall I store my savings in land, gold, or silver? A lot of questions and no right answer except maybe the following:

Don’t put all your eggs in the same basket.

If you want to keep your life savings safe, the best shot is to diversify your investments. Keep some at the bank, keep some under your mattress, buy land, buy foreign currency. Split it so if anything happens to one of your stashes, you will take a hit but you won’t be ruined.

In this regard, Crypto is definitely something to consider. Some may point out that cryptocurrencies are extremely volatile. This is true. As Bitcoin lost 50% of its value over the past few months, some altcoins lost 10 times their value. Some may never recover and just disappear.

That being said, there is massive adoption of crypto nowadays which reduces the volatility. It means that financial firms are convinced that investing in crypto for the years to come is still the right thing to do and that you should see a very healthy return from holding major cryptocurrencies such as BTC, ETH, BNB, LUNA, ATOM, or SOL over the past 5-10 years.

If you don’t feel like living the rollercoaster of crypto prices going up and down, you can also decide to invest in stablecoins. Stablecoins such as UST, USDT, or USDC are indexed on the US Dollar. It means that no matter the fluctuation of the stock exchange or of the crypto market, their value will always stay really really close to the US dollar. 

The good news with stablecoin is that you can stake it and get an instant return from the staking platform.

For those who don’t know what staking means, it is the same principle as earning interest with the money you keep in the bank. Staking means that you will delegate your money to a crypto platform that will use it for lending purposes and give you back some of the interests.

By staking stablecoins you can earn between 10% to 20% return per year. The good news is that the return is usually paid near real-time, unlike a bank that pays interest once a year.

So let’s assume you stake $50K of stablecoins at 10% Annual Percentage Yield (APY), you will get a daily return of $13 or per month: $390.

Some platforms also allow you to “auto-compound” which means that the returns from staking are immediately re-invested into the pool. It improves the APY over time.

How to earn up to 20% annual interest with UST on Terra Network?

One of the best deals when it comes to passive income nowadays is to stake the stablecoin called UST on Anchor Platform.

TerraUSD (or UST) is a decentralized, scalable, interest-bearing, and algorithmic stablecoin offering a wide range of features. In particular, it is popular for being immensely scalable.

Anchor Protocol is a savings protocol based on the Terra blockchain that provides its users with low-volatile yields.
Anchor Protocol from Terraform Labs (Korea)

The platform was built by the South Korea-based Terraform Labs. Anchor Protocol is a financial service that facilitates deposits and loans. It means that the service uses your money to provide loans to other crypto users. 

These loans are completely protected as Anchor will request the loaner to provide collateral in crypto.

Thanks to this platform, you can stake your stablecoin and earn 20% interest. Unlike banks that pay interest every year, crypto platforms pay interest in near real-time. So you can really get a passive income to cover all your daily expenses simply by putting your money to work!

How to stake stablecoin on Anchor Protocol Platform?

First of all, you need to get some UST. The best way to get UST is to use Binance.

If you have cash in hand, especially Myanmar Kyats, no worries there is still a possibility to change MMK into stablecoin.

Follow our guide to change Myanmar Kyats to USDT using Binance P2P Platform.

After following our guide, you will end up with USDT in your spot wallet. Now simply go to Trade and trade the USDT for UST using the trading pair.

Tip: When you trade, always trade with a limit order instead of a market order. It is probably silly when you trade between stable coins but when you trade other crypto currencies, it is always best to use a limit order. Crypto currencies fluctuate all the time, you can save a few % by waiting a few minutes for the order to fill.

Binance UST USDT Trade MMK Myanmar Kyat Staking APY Stablecoin
Trade USDT to UST on Binance

Create a Terra Station wallet

Now that you have your UST on Binance, you would have to create your own Crypto Wallet on the Terra Blockchain and send the UST from Binance to your new private wallet.

To do this, it is quite simple. First of all, you would have to decide how you want to access your wallet.

Luna Terra Wallet Myanmar Kyat Crypto UST Staking Passive Income
Terra Station Wallet

On your mobile, you can download Terra Station App for Android or IOS.

On your computer, you can use the Chrome Extension or download the desktop version for Windows, Mac, or Linux.

All the versions are here.

Once you have installed Terra Station, you need to create your wallet. To create your Terra Wallet, follow the guide here.

Always use the official links, and check the URL multiple times to ensure you are not using a fake app.

Once your wallet is created, you will get access to your wallet address. It appears on the main screen at the very top. To receive currencies on Terra Network, all you need to do is to use this address as the recipient.

Transfer UST from Binance to Terra Station

Go back to your Binance, go to your spot wallet, and tap on the UST icon. Then click on withdraw.

Luna Terra Wallet Myanmar Kyat Crypto UST Staking Passive Income Binance P2P
Luna Terra Wallet Myanmar Kyat Crypto UST Staking Passive Income Binance P2P MMK
Luna Terra Wallet Myanmar Kyat Crypto UST Staking Passive Income MMK Binance

Paste your wallet address, ensure the network that is automatically populated is called “Terra”.

Selecting the wrong network may lead to the loss of your funds so please be very careful with these steps!

Enter the amount you want to send to your wallet and click withdraw.

A few minutes later, you should see the cryptocurrencies credited on your Terra Wallet.

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Stake UST for up to 20% APY

Go to Anchor Platform using this link:

Always use the official links, and check the URL multiple times to ensure you are not using a fake app.

Click connect wallet and choose Terra Station as the way to connect your wallet.

Go to the Earn tab and select deposit. Enter the amount you want to deposit and validate.

Note that every transaction comes as a small fee that will be deducted from your UST balance. As such, I would strongly recommend you keep some UST in your hot wallet for further transactions. For instance, if you have $1000 in your Terra Station, you should probably deposit $995 on Anchor Platform to keep $5 for future transactions.

That is it, you are now enjoying near real-time interest on your stablecoins.


Staking UST on Terra network is just one of the many ways to get passive income from your savings. Please always keep in mind that no bank or crypto platform is 100% secured and safe, there is always a chance that something goes wrong and the only way to mitigate the risk is to diversify your investment as much as possible.

Other platforms also offer very interesting interest rates such as:

Binance is the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume. Binance allows users to stake crypto currencies directly from the exchange. Just click on the “Earn” menu to start with.

SwissBorg is an innovative new cryptocurrency investment platform that has been designed to be user-friendly and safe for investing in a wide range of assets, from traditional crypto dinosaurs to newer coins. Swissborg offers yield on different cryptocurrencies paid daily up to 15% per annum.

Nexo is the world’s largest and most trusted lending institution in the digital finance industry. Nexo allows you to earn up to 20% APR on a selection of crypto assets, paid out daily. 

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