Terra’s Anchor Protocol breaks through another milestone

Vladislav Sopova

Terraform Labs’ Do Kwon is fascinated by the new creation of a flagship protocol of his ecosystem


$12,000,000,000,000 in UST deposited at AnchorTerra’s Buying Craze Catalyzes the Price of Bitcoin (BTC)

Anchor Protocol is a multi-chain DeFi ecosystem on Terra (LUNA) and Avalanche (AVAX). Amid all the high-profile mainstream DeFis, it offers the highest returns on stablecoin deposits.

$12,000,000,000,000 in UST deposited at Anchor

Renowned blockchain entrepreneur Do Kwon, the founder and CEO of Terraform Labs — the development studio behind Terra (LUNA) blockchain and its UST stablecoin — reports another stunning milestone for its ecosystem.

Terra’s flagship DeFi product, Anchor Protocol (responsible for 51.8% of total volume locked to Terra-based DeFis) exceeds $12 billion in Terra USD (UST) deposits.

This huge amount has been deposited by 226,000 Terra (LUNA) users.

To provide context, this sum overshadows the entire TVL of the Avalanche (AVAX) DeFi scene or that of Polygon and Fantom DeFi ecosystems combined.

Terra’s Buying Craze Catalyzes the Price of Bitcoin (BTC)

Anchor accepts UST deposits and offers an unparalleled 19.5% in APY. So far, this rate has no competitors among credible smart contract platforms.

Terra (LUNA) platform made headlines for its aggressive Bitcoin (BTC) buying strategy. The ultimate goal is to become the largest corporate Bitcoin (BTC) holder.

Its shopping spree is arguably one of the most powerful catalysts behind the ongoing Bitcoin (BTC) rally to new 2022 highs.

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