NEW Listing (ANC)
Sep. 29. 2021
[Anchor Protocol (ANC)] Bitclover (USDT) market to list.
▶️What is ?
Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits.
The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates.
The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up Bonded Assets (bAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio. The diversified stream of staking rewards accruing to the global pool of collateral then gets converted to stablecoin, and then conferred to the lender in the form of a stable yield.
[Anchor Protocol (ANC)] Project official channel