Making Your Savings Work for You in Decentralized Finance
Blog iconohyeahdavid
Jan 26
This is a writeup to explain Anchor - a savings protocol that provides a low-volatility interest rate, deposit protection, and instant withdrawals - and to share a bit of the wonders of decentralized finance (DeFi).We’ll first dive into how Anchor works, where the interest rates come from, and what the risks are. Once the fundamentals have been covered, we’ll go over how to get started.Picture from Anchor's websiteWhat is Anchor?Anchor is a savings protocol that uses code (called smart c...

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