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Anchor Protocol

Anchor Protocol

Project

Decentralized money market

LendingDeFi

About

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 %. 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. Tags: DeFi Lending Ecosystem(): Terra Classic Founded: Location: South Korea

Founded
2020 · 6y