Anchor Community Update — July 2021

Anchor Protocol
Anchor Protocol
Published in
2 min readAug 10, 2021

Anchor Community,

Over the course of the past month, Anchor Protocol has experienced impressive growth, with total collateral value crossing $1 billion, a huge jump in total deposits to topple $800 million, and total borrow over $400 million. With the launch of EthAnchor in June and the addition of bETH in July, Anchor is continually growing into a powerhouse that underpins a world of protocols built atop it, laser-focused on sustainability and robustness.

From the perspective of convenience, onboarding the ecosystem is easier than ever with the option of buying $UST directly on Anchor Protocol. Furthermore, Anchor Protocol now offers $UST peg insurance and Anchor insurance directly on the web app via Unslashed Finance and Bridge Mutual, offering users additional safety measures. As Anchor continues to move forward with key integrations and game-changing new features, we look forward to seeing the growth and maturity of this ecosystem.

New Features & Governance

Ecosystem Updates

  • Decentralized cross-chain bridge Wormhole launches, opening up interesting possibilities such as SolAnchor and bSOL, amongst others.
  • Delphi Digital to launch crypto-based subscription payments, leveraging Anchor for “self-paying subscriptions” denominated in $UST.
  • Suberra Protocol to enable users to make recurring payments for subscriptions and donations with Anchor yield.
  • Setten.io launches a telegram bot that will alert users when addresses of their choice have an LTV ratio above the safe threshold.

Anchor Features

Join the Community!

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