Tag: anchor protocol

May 19 2022

Terra Crash Causes Ripple Effect Among Crypto Startups, Here’s How

Crypto startup StableGains, which offered customers access to DeFi yields, may be in trouble after putting a bulk of its funds into Terra. The firm offered depositors a 15% yield by locking their funds into Terra's Anchor Protocol. This was done by converting customer funds into UST. But after UST crashed, the firm is now...

Mike Novogratz Speaks: Terra’s UST Was “A Big Idea That Failed”

After 10 long days, Mike Novogratz broke his silence on the Terra/ Luna situation. Considering that he was one of the protocol’s main proponents and even got a Luna tattoo, the community’s interest in Novogratz's opinion is justified. “My tattoo will be a constant reminder that venture investing requires humility,” Galaxy Digital’s CEO said...

May 17 2022

Why Terra Collapsed and Whether an Algo Stablecoin Can Ever Succeed

Nic Carter, general partner at Castle Island Venture, Eric Wall, former Chief Investment Officer of Arcane Assets, and Erik Voorhees, founder of ShapeShift, discuss what happened with the TerraUSD (UST) and LUNA fiasco, Do Kwon’s responsibility, the impact on the crypto ecosystem, and much more. Show highlights: how Erik used to...

May 15 2022

[Updated] Terra (UST and LUNA) Guide: Is Terra Legit and How Does It Work?

Terra is a blockchain-based ecosystem with a native algorithmic stablecoin (UST) designed for real-world adoption and a native token (LUNA) used to stabilize UST's dollar peg; in May 2022, UST and LUNA crashed in price due to UST losing its dollar peg. Prior to Terra losing its dollar peg, UST was the third-largest stablecoin by marketcap. UST was controversial in that its...

May 13 2022

Celsius Network Pulls Out Over $500M From Terra’s Anchor Protocol

Celsius Network has pulled out over $500 million from Anchor Protocol. Anchor Protocol is a lending and borrowing protocol on the Terra network, which is currently experiencing an exodus of funds. Both LUNA and UST continue to crash as stakeholders attempt a rescue. The Terra network is seeing the exodus continue, with the Celsius Network exiting Anchor Protocol. The borrowing platform has removed...

Did Someone Deliberately Attack Terra/Luna to Kick off a Death Spiral?

Jon Wu, head of growth at Aztec Network, recaps a historically chaotic week in the Terra ecosystem that saw $UST depeg, Anchor depositors flee, and $LUNA fall 99%. Show highlights: how $UST, $LUNA, Luna Foundation Guard (LFG), and Anchor Protocol are supposed to work...

May 11 2022

How to Add bSOL as Collateral to Borrow UST on Anchor Protocol

Wrapped stSOL tokens on Terra, also known as bSOL, are now accepted on Anchor Protocol. This means that interested persons will now be able to borrow the Terra USD ($UST) stablecoin with bSOL tokens as collateral. The introduction of bSOL on Anchor Protocol will also help to increase the protocol’s collateral base. This, in turn, will furthermore facilitate more use cases for bSOL...

May 06 2022

Detailed Steps on Depositing $sAVAX Into Anchor

May 06 2022 Published at Altcoin Buzz under tags  anchor protocol avalanche avax staking

Anchor Protocol is one of the many projects launched on Avalanche this year. Since then, Anchor has emerged as an amazing platform for $AVAX holders seeking to earn yield on their tokens. So, you can now use staked $AVAX ($sAVAX) as collateral on Anchor Protocol. The process isn’t scary at all. However, it requires patience. Our previous...

This DeFi Token Is Rallying Over 13% While Markets Tumble, Here’s Why

Anchor Protocol (ANC), the Terra blockchain's biggest DeFi platform, appears to be swimming against the market tide. Its ANC token has managed to surge by more than 13% amid the market crash. The global cryptocurrency market has shrunk by over 6.5% in the last 24 hours. Total market capitalization stands at $1.68 trillion. The largest...

May 05 2022

Terra (UST and LUNA): A Guide to Crypto’s Hottest New Ecosystem

Terra is a blockchain-based ecosystem with a native algorithmic stablecoin (UST) designed for real-world adoption and native token (LUNA) used to stabilize UST's dollar peg. TerraUSD (or UST) is the third-largest stablecoin by marketcap, but is unique in that its ​​value (currently $18.6 billion) is determined algorithmically...

How to Deposit $sAVAX on Anchor Protocol

May 05 2022 Published at Altcoin Buzz under tags  anchor protocol avax savax staking

Did you know that $sAVAX is the only acceptable form of $AVAX tokens on Anchor Protocol? Also, Anchor Protocol is one of the most lucrative places to stake your $AVAX tokens and get amazing APR. This, in essence, means that to stake your $AVAX tokens on Anchor, you need to first exchange your $AVAX for $sAVAX. And then deposit your $sAVAX tokens on...

May 02 2022

Terra’s Largest DeFi Platform Just Cut Yield Rates, Here’s Why:

May 02 2022 Published at Coingape under tags  anchor protocol defi news news terra (luna)

Anchor Protocol, the largest DeFi platform on Terra, recently reduced its annual yield rates in a bid to improve the platform's sustainability. The move comes after users approved a proposal in March to introduce dynamic interest rates. Starting from May 1, the platform now offers a 18% annual return on investments, down from the nearly...

Apr 14 2022

ANC Price Prediction

Apr 14 2022 Published at Altcoin Buzz under tags  anc anchor protocol technical analysis

Anchor Protocol is a lending and borrowing protocol that offers up to a 19.5% yield on stablecoin deposits. Lenders can deposit their UST and earn attractive interest rates while also benefiting from low volatility. Anchor Protocol (ANC) is the 29th project on Binance Launchpool and a Terra blockchain lending/borrowing protocol. ANC uses an over-collateralized architecture,...

Apr 06 2022

How Staked ATOM Can Be Used to Borrow UST

There are many use cases for staking, and the Cosmos ATOM token is leading the way for them. The Anchor Protocol recently launched a new way to earn extra yields by staking ATOM. The Anchor Protocol announced new DeFi opportunities for ATOM holders late last month. Additionally, it said that the integration introduced the first decentralized use case for borrowing against ATOM and...

Mar 26 2022

Anchor Protocol Is Stopping Its 19.5% Yield

Mar 26 2022 Published at Altcoin Buzz under tags  anchor protocol apy defi yield

Anchor Protocol accepted proposal ID 20. Title: Dynamic Anchor Earn Rate. The Anchor forum discussed the proposal at length, and voting just ended a few days ago. The result is that Anchor will stop offering its 19.5% yield. Instead, a more realistic semi-dynamic yield will take its place. We have been covering Anchor Protocol on a regular basis during the last few weeks....

Mar 25 2022

What Is the Impact for Anchor Having sAVAX as Collateral?

In mid-March, Anchor Protocol launched on Avalanche. However, since 20th March, you can use staked AVAX (sAVAX) as collateral on Anchor. Nonetheless, the price of Anchor's token, ANC, dropped 31.3% over the last 14 days. On the other hand, TVL on Anchor has increased by $1.9 billion over the same last 14 days. Anchor is already offering 19.5% APY on UST. Also,...

Mar 19 2022

Terra’s Anchor Protocol (ANC) Opens Vote On Possible Cut To 20% Yield

The Anchor Protocol (ANC), a Terra-based program that is currently one of the highest-yielding stablecoin platforms, opened a vote that could lower its nearly 20% annual returns. The community proposed a dynamic yield rate to help maintain the protocol's reserves. Early voting results are mixed Terra founder expects yields to turn dynamic Second vote on...

Mar 18 2022

Anchor Protocol: DeFi Money Machine on Terra LUNA

Mar 18 2022 Published at Altcoin Buzz under tags  anchor protocol defi luna reviews

From a bullish perspective, things seem very boring right now. FUDs aside, what should a smart investor be doing right now? The answer is obvious. We should be looking out for passive income opportunities, especially on stablecoins which seem very lucrative. In this article, you will discover how you can start using this Terra Luna protocol. Anchor Protocol Leads DeFi...

Mar 17 2022

Will $ANC Boom In 2022? Enter The Anchor Protocol Project!

Mar 17 2022 Published at CryptoTicker under tags  $anc altcoin anchor protocol buy $anc crypto

Since the creation of the first DeFi project- MakerDAO, in 2015, the growth of the DeFi space has been tremendous. Ethereum and other blockchains continue to provide a space for these Decentralized Applications (DApps) and Decentralized Exchanges (DEXs) to thrive. However, one of such DeFi projects making waves in 2022 is the Anchor Protocol, a delight to crypto users. In...

Mar 15 2022

Terra Community Burns 4 Mln LUNA Tokens To Build Stablecoin Reserves

Mar 15 2022 Published at Coingape under tags  altcoin news anc anchor protocol btc defi

The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST). The UST proceeds will go towards acquiring more collateral to bolster the foundation's non-LUNA reserves. The move comes as growing volatility in the market...

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