Anchor Protocol

Decentralized money market

Anchor Protocol

@Anchor Protocol

Followers216,402

Following79

Influence Index1,026

Related News

Anchor Protocol Got Exploited with Launch of Luna 2.0, User Makes "Free" $800,000

U.Today 2022-05-29

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About Anchor Protocol

Founded2020

Anchor is a decentralized money market built on Terra that offers UST (Terra's USD-pegged stablecoin) depositors a stable annual percentage yield (APY) of 20%. Borrowers can use bonded LUNA (bLUNA), Terra's native token, to collateralize UST loans. The protocol earns a return for the depositors by staking the LUNA collateral provided by the borrowers. ANC is Anchor's inflationary protocol token, granting holders governance rights as well as a portion of the protocol's earnings.

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