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
#TheDefiant #DeFi #Decentralized #Finance #Blockchain