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RCryptoGuy Profile picture
RCryptoGuy
@RCryptoGuy1
Crypto hobbyist. Started crypto Journey in Nov 2020. Just using twitter to follow for ideas and memes. Nothing I say is financial advice.
Mar 20, 2021 • 14 tweets • 5 min read
First writeup! 1/ Anchor Protocol is newest member to Terra ecosystem. $ANC is providing 20% APY providing a benchmark rate for Defi. It does this by pooling staking emissions and trx fees from major PoS chains Borrower collateral (staking derivatives) generate 2/ rewards and then are stabilized to provide the 20% interest rate. Any excess yield is put into a yield reserve which helps support the target rate should supply/demand volatility increase.