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Jan 10

20% stable yield? A ponzi, or a novel protocol? The secret behind Anchor Protocol

Anchor Protocol is one of the most stable and profitable stable coin-saving protocols, that runs on Terra blockchain. The Network can generate up to 20% interest for $UST. Most DeFi lending and saving protocols (like compound and AAVE) can only offer flexible interest rates that are solely determined by the market needs. However, Anchor Protocol designs a whole new system that can stabilize the interest rate at approximately 20%. To beat an old crypto saying that says, “If you do not know whe...

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