Anchor Community Update — May 2021

Dear Anchor Community,

The events of the past month have tested Anchor Protocol on several fronts, which we’ve delved into here regarding the issues, as well as the measures taken to address the issues. We have also overviewed the overall performance of Anchor during the market plunge and covered developments here. Amidst stressful market conditions, Anchor has proven its ability to continue providing stable yields (18–20%).

Based on community feedback, Anchor has enacted a number of changes, including reducing airdrop claim fees down from the original $0.50 to $0.05. On the web app, the borrow limit graph has been changed to LTV, and the maximum amount that users can borrow has been reduced from 50% to 40% (as liquidations still occurred at 50%). Significantly, Anchor is now available on mobile via the WalletConnect integration to which any user with Terra Station Mobile can connect.

The team has also welcomed Matt Cantieri, former crypto lead at Microsoft’s M12, as General Manager. With a solid team and incredible community at the helm, we look forward to seeing Anchor widely adopted across both crypto and fintech ecosystems!

Ecosystem Updates

• Coinone lists ANC.
• Anchor crosses 1B in TVL.
• Fees to claim airdrops on Anchor (originally $0.50) drop to $0.05.
• Anchor Earn SDK is released, enabling 3rd parties to easily integrate Anchor savings to their platform.
• WalletConnect on Anchor enables full Anchor functionality on mobile — repay loans on the go.
• Sneak peeks of the upcoming Anchor dashboard & multi-stablecoin support.
• Harpool Protocol releases public beta for DeFi liquidation on Anchor.
• Nexus Mutual provides protocol coverage for Anchor.
• Kash App — using Anchor Protocol on the back end — launches for Africa.
• Introduction to Pylon Protocol — protocol leveraging Anchor yields for a number of creative use cases.
• Analytics: DeFi Llama, Anchor Simulator to simulate earnings on Anchor using different strategies.

Anchor News

• Matt Cantieri, Crypto Lead at Microsoft’s M12, joins TFL as Anchor’s General Manager.
• The Defiant — Full Degen Mode on Anchor Money Market
• TerraBites — 4 Strategies to Farm ANC & UST
• Important Threads: Anchor — issues, measures, & developments, Anchor — events & response
• Flood Capital: Thread on how 20% APY is possible on Anchor.
• Coinsutra: Analysis of Anchor Protocol
• Qi Capital: Review of Terra’s Anchor Protocol
• Community Blog: Anchor Protocol — A How To Guide to DeFi (and earning 20% APY)

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.