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/

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