On March 17 2021, Anchor protocol went live.

The release of Anchor protocol unleashed a new era for Decentralised Finance (DeFi) on Terra blockchain. Anchor protocol targets 20% APY for depositors of UST (TerraUSD) by transferring staking rewards of liquid LUNA (bLuna) from borrowers to depositors using a liquidation mechanism that converts bLuna rewards into UST. The result of this, is a seamless user experience that non-native crypto users can easily navigate. Anchor protocol solves APR volatility demonstrated in competing DeFi lending protocols by ignoring a singular asset approach, where the amount of one asset that is able to…

When an individual or team come(s) up with an innovative idea, often the first source of funding they turn to is in the form of a grant. Grants in the blockchain ecosystem are usually milestone-driven and issued by either foundations or patron organisations. Recently though, there has been a new approach to promote ecosystem development. Free TON, a blockchain with roots stemming from the Telegram Open Network community and a live instantiation of the Telegram Open Network protocol, has focused on endorsing ‘permissionless innovation’ within its ecosystem. Free TON has been using decentralised contests as opposed to issuing grants to…

Photo by Moose Photos from Pexels

This article identifies twelve defined non-financial risks for Decentralised Finance (DeFi) on Ethereum blockchain.

What is DeFi?

Decentralised Finance Applications (herein called “DeFi”) has taken the world by storm since its inception in 2017.

DeFi is the transformation of traditional financial products into products that operate without an intermediary via smart contracts on a blockchain.

The value of DeFi specific to the Ethereum blockchain, has grown from $4 on August 2017, to $7,820,000,000 as of time of writing September 7, 2020. Types of DeFi applications are wide-ranging. …

Xavier Meegan

Research @ Chorus One

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