Anchor Protocol
Anchor Protocol was Terra's flagship lending protocol offering stable yields on UST deposits, backed by staking rewards from multiple PoS blockchains. While it pioneered the concept of stable high-yield savings in DeFi, the protocol is no longer functional following the Terra/Luna ecosystem collapse in May 2022.
Best For
Historical reference - protocol no longer operational
Key Features
- Stable yield protocol (historical)
- PoS blockchain staking yields
- bAsset collateral
- UST savings (historical)
- Cross-chain deposits
Pros
- Pioneer in DeFi savings
- Simple user experience
- Historical significance
Cons
- Terra ecosystem collapse
- No longer operational
- Historical reference only
Risk Level
This platform involves higher risk. Only invest what you can afford to lose.
Security Audits
Supported Chains
Supported Assets
Established
March 17, 2021
Disclaimer: This information is for educational purposes only and does not constitute financial advice. DeFi platforms involve significant risks including smart contract vulnerabilities, market volatility, and potential loss of funds. Always do your own research (DYOR) and never invest more than you can afford to lose. Past performance does not guarantee future results.