May 5
5 min read
Trying Anchor Protocol — 18% APY on a Stablecoin
How does the DeFi application work? How is it able to pay high yields? What are the risks?
UPDATE: I’m sure you have seen the news about the collapse of UST and Luna, but if you haven’t, here is a quick update: UST has fallen off its 1 dollar peg and the whole project can be considered failed at this point. With the…
