Terra Degen: Playing both sides of the Anchor Money Market

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. Anchor’s money market is a Compound-inspired lending protocol for lending out deposited Terra stablecoins to borrowers. Anchor sources its deposit yields from bAsset-collateralized loans, where rewards of their bAsset collaterals are utilized to subsidize the deposit rate.

The protocol leverages bAsset rewards to catalyze a positive usage cycle: subsidies incentivize new stablecoin deposits, lowering the borrow rate, which incentivizes more bAsset-collateralized loans, and enables more bAsset rewards to be collected.

Recent AMA with Do Kwan on the black swan event and what it means for Anchor
https://medium.com/@terra-bites/luna-black-swan-do-kwon-ama-on-what-weve-learned-anchor-action-plan-9d3abdacaf02?s=09

Spreadsheet
https://docs.google.com/spreadsheets/d/1fuFl-mKV2X4ku3-QCI4xXKqcTb8NTX4H3A3JO4rfmgg/edit?usp=sharing

Anchor
https://anchorprotocol.com/

Terraswap
https://app.terraswap.io/#Swap

Terrastation
https://chrome.google.com/webstore/detail/terra-station/aiifbnbfobpmeekipheeijimdpnlpgpp?hl=en

Documentation
https://docs.anchorprotocol.com/user-guide/webapp/borrow

Our sponsors
https://balancer.finance/
http://solana.com/defiant
https://app.zerion.io/

Follow The Defiant
https://newsletter.thedefiant.io/
https://twitter.com/defiantnews
https://thedefiant.io/
https://t.me/DefiantNews
https://t.me/DefiantChat

#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain

(Visited 15 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

eos
EOS (EOS) 1,95 1,45%
aave
Aave (AAVE) 132,08 0,13%
the-graph
The Graph (GRT) 0,363074 5,74%
kusama
Kusama (KSM) 152,51 0,26%
waves
Waves (WAVES) 7,40 0,72%
dash
Dash (DASH) 78,88 0,11%
bitcoin
Bitcoin (BTC) 32.447,61 0,93%
ethereum
Ethereum (ETH) 2.146,02 0,43%
cardano
Cardano (ADA) 0,918720 2,09%
tether
Tether (USDT) 0,883385 0,58%
xrp
XRP (XRP) 0,541387 0,67%
solana
Solana (SOL) 82,38 1,47%
polkadot
Polkadot (DOT) 16,25 2,48%
usd-coin
USD Coin (USDC) 0,883385 0,47%
dogecoin
Dogecoin (DOGE) 0,125586 3,82%
uniswap
Uniswap (UNI) 9,26 0,95%
terra-luna
Terra (LUNA) 55,49 4,24%
litecoin
Litecoin (LTC) 94,93 1,13%
chainlink
Chainlink (LINK) 13,60 0,67%
bitcoin-cash
Bitcoin Cash (BCH) 254,92 0,13%
algorand
Algorand (ALGO) 0,799165 1,02%
matic-network
Polygon (MATIC) 1,37 3,82%
stellar
Stellar (XLM) 0,172156 0,61%
cosmos
Cosmos (ATOM) 31,30 0,26%
filecoin
Filecoin (FIL) 15,93 0,81%
tron
TRON (TRX) 0,049286 1,97%
ethereum-classic
Ethereum Classic (ETC) 20,98 0,11%
dai
Dai (DAI) 0,883385 0,69%
tezos
Tezos (XTZ) 2,55 1,45%
monero
Monero (XMR) 126,85 1,50%