Anchor Community Update — June 2021

Dear Anchor Community,

Anchor has been steadily expanding its reach across DeFi and Fintech, partnering with companies like Yotta, Nexus Mutual, InsurAce, Bridge Mutual, and Orion. Furthermore, the ecosystem is growing to enable Ethereum-based stablecoin deposits (USDT, USDC, BUSD, and DAI) to Anchor for 15% yield through the launch of EthAnchor.

Upcoming plans include the launch of bETH, which would open up the possibility of using ETH as collateral on Anchor, as well as a ForEx interest market on Anchor. We’re excited to continue exploring the possibilities on Anchor.

New Features & Governance

• EthAnchor goes live, expanding the Anchor yield offering to USDT, USDC, BUSD, DAI, and wrapped UST deposits. Links to Github and Docs.
• Anchor’s transaction feature expands to unlock full-fledged functionality, enabling users to seamlessly keep track of all activity across the web application.
• Anchor users can now turn on LTV notifications once LTV crosses a threshold pre-set by users.
• Proposals enabling Anchor to maintain a tighter peg around 20% & protect users from liquidations are live.
• A forex interest market ($EUT, $AUT, $KRT to name a few)coming to Anchor.

Ecosystem Updates

• TFL will capitalize Anchor’s yield reserve with 50 million SDT (~70 million UST) from the TFL Stability Reserve Fund.
• Orion Saver Alpha goes live together with EthAnchor, providing an user-friendly frontend for users to deposit Ethereum stablecoins on Anchor. The team provides constant improvements to the interface and has recently completed their smart contract audit.
• Orion Money, the winner of Delphi Terra Hackathon, closes an oversubscribed $1.7 million seed round.
• Neptune Finance announces its Terra dapp to support Anchor Protocol via bAsset vaults.
• Yotta Savings, YC-backed company, integrates Anchor.
• Insurance coverage via Nexus Mutual and InsurAce is now available on Anchor.
• Bridge Mutual provides protected yield for Anchor deposits.
• Flipside’s Terra Community Console in action: highest inflow for new users, peg variance.
• Anchor is now on Messari’s Research Hub.

Anchor Features

• Important announcement: Bolstering Anchor’s Sustainability
• Anchor for Normies: Explaining How Anchor Savings Works To “Normies”; This New Savings Account Yields 20% APY; How Anchor Protocol Works
• Anchor Alpha: Different Ways to Earn on Anchor Protocol; Auto-repaying loans on Anchor; 10 Strategies for Passive Income; How to use Anchor tutorial;
• Notable Tweets: Strategies to use across Anchor and Mirror; Booking a flight using $UST on Anchor wallet; Welcome to Terra; The difference between Mars Protocol & Anchor; Why Terra should connect to Thorchain; Summary of Terra’s June highlights; Skynet Trading is anchored

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.