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Mar 13 18 tweets 10 min read
#AnchorProtocol 101: #Terra's stable yield borrowing and lending platform

Here's your intro guide to Anchor, the stable yield borrowing and lending platform on #Terra

A thread👇🧵
2. #AnchorProtocol is a savings protocol launched by Terraform Labs on #Terra.

It allows instant deposits and withdrawals, with the option to earn low volatility interest rate, which is the highest amongst stablecoins at ~19.5.

It supports $LUNA and $UST tokens.
3. Although #DeFi has been popping off, it is not particularly user friendly. Staking is not an option for many because of the volatility.
4. Most #DeFi protocols have diminishing rates. There was a need for a protocol that gave consistent, decently high rates.

Enter @anchor_protocol.
5. #AnchorProtocol does this in a couple of ways:

bAssets are liquid tokens that can be exchanged for staked assets.

Users transact with bAssets in they same way that they do with their staked asset.
6. Essentially, users earn rewards on their staked assets, while having liquidity.

The Money market is a mechanism that allows the borrowing and depositing of UST stablecoins.
7. Essentially, a pool of $UST is deposited.

Borrowers can borrow easily as long as they put up assets as collateral.

The interest rate is calculated using an algorithm based on borrowing demand and supply
8. Borrowing money is extremely simple. One just has to put up collateral.

Based on how much collateral is put up, #AnchorProtocol calculates how much the borrower can borrow, which is up to 50% of the value they put of for collateral.
9. Anchor uses a liquidation process to ensure that borrowers don’t run away with the money.  

Deposits are secure as long as any obligations secured by them are over-collateralized.
10. Anchor keeps deposits safe by paying off debts that are in danger of failing by converting the put up collateral.

Depositors deposit $UST stablecoin. Given that it is a stablecoin, it avoids the volatility of unpegged currencies.
11. Those who want high risk and high rewards can join the anchor liquidity pool that funds debt holdings.

$ANC is Anchor’s native token. It has a total supply of 1B.
12. #AnchorProtocol has been getting a lot of attention and it’s easy to see why. T

hey are solving one of the biggest problem that plagues #DeFi - unstable, volatile, high risk rates, through its stable interest rate.
13. Additionally, in traditional finance, borrowers face super high interest rates and lenders get almost nothing.

Anchor has done away with the bank and instead allows lenders and borrowers to directly interact with each other, providing a better experience for both parties.
14. Anchor's stable interest rates will last a long ass time. Check out @Remi_Tetot's tweet:
16. Accounts to follow for $ANC insights:
@davey_0602 @ceo100x @krypto_scalper @DetectiveGrover @anchor_protocol @mcantieri @Dan_Nice14 @TerraLUNADaily

An RT would mean a lot!
17. Hope that was insightful. I regularly post 101s and breakdowns, follow to keep up. An RT would mean a lot!

Here are some of my past 101s:
Correction: it's 80%**

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More from @Cov_duk

Mar 12
Secret Network 101: bringing privacy to crypto

Here's your everything guide to $SCRT, the first blockchain with privacy-preserving smart contracts.

A thread 🧵👇
2. Crypto is a world built upon transparency and openness. However, everyone wants privacy and doesn’t want to share all their info.
3. Even if the address is anonymous, it’s still possible to analyze that transaction and identify people.

There are already reports of govt tracking tools that analyze crypto transactions.
Read 19 tweets
Mar 12
#osmosis 101: The #Cosmos AMM that's been popping

Here's your everything guide to @osmosiszone, the PoS AMM DDEX protocol built on Cosmos.

A thread 🧵👇
2. #osmosis is a PoS chain that is an automated market maker (AMM) decentralized exchange (DEX) protocol built on Cosmos.

Osmosis enables users to provide liquidity, swap and eventually stake #Cosmos blockchain tokens.
3. An AMM is usually a pool of tokens, managed by smart contracts, to enable trading.

The liquidity pools and smart contracts replace the traditional system. People who pool their money, the liquidity providers (LP), earn fees as people trade.

Read 22 tweets
Mar 11
#CRONOS 101: @cryptocom's very own chain

Here's your intro guide to #CRONOS, the fast, low cost, EVM compatible chain that bridging #ETH and #COSMOS

A thread🧵👇
2. Cronos is crypto.com’s chain that interoperates with both ETH and Cosmos.

It aims to act as the bridge these two worlds and enable better allocation of resources. It’s Ethereum Virtual Machine (EVM) compatible and is connected to the #Cosmos ecosystem.
3. #CRONOS aims to massively scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality.
Read 18 tweets
Mar 11
#JUNO 101: Enabling cross chain smart contracts

Here's your intro guide to $JUNO, #COMOS' open source platform for interoperable smart contracts

A thread🧵👇
2. Juno is a smart contract blockchain that is part of the #Cosmos ecosystem.

It’s an open source platform of interoperable smart contracts that automatically executes, controls or documents terms of contracts, ensuring that they are valid and usable across multiple networks.
3. The future is def multi chain. Every chain has its limitations. A multi chain futures allows for optimization and specialization.

There are many other in the race to create this multi chain vision.
Read 23 tweets
Mar 11
#Solana 101: the incredibly innovative, lightning fast chain.

Here's your everything guide to #Solana, the a lightning fast, cheap af innovative L1.

A thread🧵👇
1. ETH has many limitations. It’s can only handle a few transactions per second and isn’t scalable.

The blockchain trilemma that blockchains face is that they can choose only 2 out of the 3: decentralization, security and scalability.
2. #ETH is great for secure and decentralization. For crypto to get bigger, scalability is key.

This is the next billion dollar question. This is why you see so many chains rushing to solve this.

#Solana is a super fast, cheap, scalable L1.
Read 22 tweets
Mar 11
#Crabada 101: #AVAX's play and earn superstar🦀

Here's your everything guide to #Crabada, the play and earn idle game that's taking over crypto gaming
2. #Crabada is a play and earn idle game, where users can mine, loot, breed and battle built on the #AVAX blockchain.

Similar to games like Axie Infinity, Crabada is played with teams of 3 crabs. Crabs are NFTs that the player owns.
3. There are 3 main tokens in #Crabada:

a) $TUS ( Treasure under Sea)

b) $CRA

c) $CRAM (Crab amulet)

Each team requires 3 crabs. Players can earn $TUS by playing the game through mining, looting and lending crabs in the Tavern.
Read 17 tweets

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