Anchor Community Update — July 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

• Anchor partners with Lido to launch bETH, soon to be whitelisted as a collateral option on Anchor Protocol, making it the first collateral option to bring in staking rewards from outside the Terra ecosystem (Ethereum). Smart contracts audited by Solidified.
• Lido posts the bETH collateral onboarding proposal to the Anchor forum.
• Recap of potential improvements on Anchor, including $bANC as collateral.
• Users can buy $UST directly on Anchor Protocol via Transak.
• $UST peg insurance and Anchor insurance are now directly available on Anchor thanks to Unslashed Finance and Bridge Mutual.
• The max LTV increase to 60% has been executed on Anchor Protocol.
• The Anchor yield reserve has been replenished with 50 million SDT (~70 million UST).

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

• Tweets: the easiest way to earn passive income on Anchor, reasons to be bullish on Anchor, guide to using bETH as collateral on Anchor
• Community Content: Anchor Protocol Just Quietly Got a Meaningful Upgrade, DeFi Land x Anchor Protocol?
• Tutorials: Terra Station and Anchor Protocol, Breaking News! Ethereum arrives on Anchor Protocol, How to take out Insurance for Anchor via InsurAce

Join the Community!

• Follow us on Twitter for updates.
• Join the discussion on Anchor Telegram.
• Read through the Anchor FAQ and Docs for more info.