One question: since inception of Anchor in March 2021, saved

Question

Anchor Protocol

Jerry Saliki

One question: since inception of Anchor in March 2021, saved

UST has always exceeded borroewd UST, so where did the yield reserve come from?

#anchor #cryptocurrency #english

0

20.01.2022

4 ответов

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Jerry Saliki Автор вопроса

Chillin
when you use Anchor borrow, it charges an APR (cos...

Very helpful. Thank you

0

20.01.2022

Chillin

Jerry Saliki
Very helpful. Thank you

you're welcome :) glad to see poeple doing some serious homework to understand the mechanism of Anchor Protocol. Hope you enjoy the research so far. this is definitely one of the coolest Defi projects out there

0

20.01.2022

Jerry Saliki Автор вопроса

Chillin
you're welcome :) glad to see poeple doing some se...

I agree. I have seen people raise all sorts of concerns about yield reserve drying up, but it appears to me that when that happens and the APY drops, it will still be among the highest available for stablecoins. very cool project. I look forward to earning passive income here for a while

0

20.01.2022

Chillin · Accepted Answer

when you use Anchor borrow, it charges an APR (cost) to borrow, that's charged in UST. Most of the time borrow APR is higher than Anchor Earn's APR. In addition, by supply bLuna and bETH as collateral, you're forfeiting 100% of your staking yield to Anchor, which is in Luna and ETH, and that's another source of revenue for Anchor a portion of these revenue is redirected to Yield Reserve, not sure how much. Luna and ETH have also appreciated significantly since then. Not sure how much of that was tapped to help fill up the yield reserve. not as familiar w/ community fund but ya TFL probably helped jump-start this Anchor Protocol has also received some VC fund

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