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Anchor protocol on Avax-Get 20% yield on your stables

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Anchor protocol, consistently giving ~20% APY for stables, is coming to Avalanche. Users will be soon able to deposit sAvax as collateral and borrow UST and at the same time deposit UST to earn 20% paid out in UST.

Anchor Protocol

Let's take a deep dive into Anchor on Avax.

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Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com , Email  — gaurav@coincodecap.com

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TheRedKnight

TheRedKnight

Anything Related to crypto is always under my radar. But none is financial advice. As a guy who dreams decentralized world, let my face remain unknown.

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