ANCHOR
Anchor Protocol is a Terraform Labs DeFi tool for staking, lending and borrowing. Mainly known for ~20% APY on UST staking.
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ANCHOR
Anchor savings has no minimum deposits, account freezes, or signup requirements - it can be used by anyone in the world with access to the internet.
Despite the proliferation of financial products, DeFi has yet to produce a savings
product simple and safe enough to gain mass adoption. The price volatility of
most cryptoassets makes staking unfit for the vast majority of consumers. On the
other end of the spectrum, the cyclical nature of stablecoin interest rates on DeFi
staples like Maker and Compound makes those protocols ill-suited for a household
savings product. To address this pressing need we introduce Anchor, a savings
protocol on the Terra blockchain that offers yield powered by block rewards of major
Proof-of-Stake blockchains. Anchor offers a principal-protected stablecoin savings
product that pays depositors a stable interest rate. It achieves this by stabilizing
the deposit interest rate with block rewards accruing to assets that are used to borrow
stablecoins. Anchor will thus offer DeFi’s benchmark interest rate, determined by
the yield of the PoS blockchains with highest demand. Ultimately, we envision
Anchor to become the gold standard for passive income on the blockchain.
ANCHOR
Anchor Protocol is a Terraform Labs DeFi tool for staking, lending and borrowing. Mainly known for ~20% APY on UST staking.
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