Can anchor become a reference interest rate in crypto?

The Anchor community believes that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto. The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets.

What is anchor protocol (ANC)?

CoinMarketCap takes a deep dive into Anchor Protocol (ANC), a platform on Terra blockchain that offers low-volatile yields to users who deposit UST — Terra stablecoins. How Does Anchor Protocol (ANC) Work? Anchor Protocol (ANC) is a lending and borrowing protocol on the Terra blockchain and the 29th project on Binance Launchpool.

What is APY anchor protocol?

Using diversified staking yields, money markets and the ANC token incentives and governance, the Anchor Protocol composes a fully decentralized fixed income instrument. 1. Governance sets the “Anchor Rate” … the “Anchor Rate” is the target APY anchor seeks to pay out to depositors.

What is anchor protocol's governance token?

Anchor Protocol’s governance token is the Anchor Token (ANC). The deposited tokens create governance polls. Those who have staked ANC vote on these. You can buy or sell ANC tokens to become involved in the governance process. The tokens improve reward conditions as well. Finally, ANC–UST pool includes the staked tokens.