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Anchor's Yield is changing.
Moving from a stable to a dynamic rate.
Here's what you need to know on everything impacting #Terra , explained simply.
🧵
Moving from a stable to a dynamic rate.
Here's what you need to know on everything impacting #Terra , explained simply.
🧵
Part 1: Understanding Anchor
Anchor Protocol is a DeFi protocol that allows users to enjoy a financial system of loans based on stablecoins.
The idea is simple: a lender deposits their $UST in #Anchor and that $UST is used to make collateralized loans for interest accrual.
Anchor Protocol is a DeFi protocol that allows users to enjoy a financial system of loans based on stablecoins.
The idea is simple: a lender deposits their $UST in #Anchor and that $UST is used to make collateralized loans for interest accrual.
Changes
#Anchorprotocol, the decentralized money market built on the Terra blockchain, will dynamically adjust interest rates each month following a community vote that passed on Thursday.
#Anchorprotocol, the decentralized money market built on the Terra blockchain, will dynamically adjust interest rates each month following a community vote that passed on Thursday.
