This pool is on Avalanche blockchain's protocol called Pangolin. My first glance over the protocol and it appears like a fork of QuickSwap of Polygon. Easy to read and simple filter to find the pools of interest. Avalanche is 12th overall in market cap at $18.57 Billion last check on coinmarketcap.
Very recently Terra and Avalanche joined together by incentivizing Terra holders to have their assets on Avalanche blockchain. This in turn has lead to some very lucrative pools for on Avalanche. If I am not mistaken these started around two weeks ago.
On Panagolin there is a pool for stable coins UST and USDC that yields +40%. On top their is an incentive for partaking in the pool where participants earn WAVAX, LUNA and PNG- native token of Panagolin. This type of pool is called Super Farm in Panagolin.
There is even more postive news for Terra blockchain as Paragolin has officially stated UST would be its default stable coin.
UST being decentralized makes it an ideal choice and now spreading into the Avalanche blockchain it is only gaining more users.
Conclusions
There are plenty of Avalanche pools to farm for Terra users. Even Trader Joe is having a incentive for participating in UST : AVAX pool.
The super farm pool on Paragolin is one of two pairs to have Luna as an incentive for staking. So we are taking about +40% in yields for the stable coins and have Luna tokens rewards. Paragolin's Official Story.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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