Thread by @Terrians_

#Howitworks
Have you ever wondered how @anchor_protocol works? And how it captures value to $ANC?

Thread

1/ Besides a lending & borrowing protocol, Anchor is apparently “traditional bank”, which provides fixed rate of 20% APY in Crypto space.

2/ There are 2 kind of users here:
Lending: Supply UST to Anchor to receive APY.
Borrowing: Supply bLUNA as collateral to get UST.

3/ Let’s dig into the Anchor:
(1): LUNA -> mint bLUNA
(2): bLUNA as collateral -> mint UST
(3): LUNA from (1) will be Stake to receive APY
(4): Yield from (3) will be divided into 2 parts:
(4.1): Distribute 20% to people who deposit UST.
(4.2): The rest will go to Anchor Vault.

4/ Then, we will talk abt some satellites arround @anchor_protocol.
They are @orion_money , @ApolloDAO, @angelprotocol, @SuberraProtocol, @SpaarNL , @TiiikMoney , @preserver_tefi , @solidefi_invest , @kashdefi and many more.

5/ They will attract money flow to go to @terra_money ecosystem, which eventually increase the buy demand of UST => decrease in LUNA circulating supply.

6/ How abt capturing the value to $ANC?
With more Anchor users, more transaction fee will be distributed to $ANC holders.

7/ People also have 3 ways to earn income from Anchor
Stake ANC to get APY ~ 6.5%
Stake ANC-UST LP token to get APY ~ 72%
Lending UST to get APY ~20%

7/ What am i missing? @d0h0k1