Anchor's Satellite: How #TeFi Project Impacts Anchor
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1/n Issue
For a lending platform such as @anchor_protocol, increasing amount of deposits into protocol is a important factor.
The main purpose is to help Anchor have a stable amount of $UST to serve the loans.
In thread below, we'll talk about how #TeFi helped Anchor does this.
What can we see from this heatmap ? ๐
Check out the thread below!
$LUNA $UST
@terra_money 1. Overall
A great year when #TVL growth on DeFi shows no signs of stopping.
The BTC drop in May was just a test to give ecosystems time to gradually perfect their own pieces.
@terra_money 2.
In September, BTC plummeted again, but unlike May, Terra along with Sol & Avax are the three places that still keep the cash flow inside their ecosystem.
The reason comes from pieces such as DEX, Lending on these tier 2 blockchains which are complete and ready for cash flow.