Dear Anchor Community,

This is the first edition of the Anchor Community Update, following the highly-anticipated launch of Anchor Protocol in March 2021. To look back on the highlights of the Anchor launch, see Terra’s March 2021 Community Update. We’re thrilled to announce some key milestones, as well as keep our community informed of the progress of Anchor Protocol. Thanks to incredible community support, Anchor Protocol has reached nearly $1 billion in TVL within 6 weeks of launch! We’re constantly listening to feedback from the community and are implementing key features with user feedback in mind.

Below, the FAQ covers recurring questions from…

Anchor has arrived. We’re thrilled to present the newest flagship DeFi product of the Terra ecosystem — a decentralized money market that provisions a stable 20% APY to depositors on the demand side and a supply-side (e.g., borrowers) that only accepts liquid staking derivatives from major proof-of-stake (PoS) chains.

Anchor is not your ordinary money market.

It’s designed to provide the benchmark interest rate for DeFi, the first decentralized challenger to the Federal Funds Rate (FFR). It pools the only unlevered source of yield in DeFi, staking emissions from major PoS chains like Terra, Polkadot, Cosmos, Solana, and ETH…

Anchor Protocol

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