Anchor Protocol: Terra's DeFi MONEY MACHINE!! Complete Guide!
Hope you Enjoyed that Stream!
As mentioned, my video on the Anchor Protocol is now live!
If you're interested in Terra and/or DeFi, you've probably heard of Anchor Protocol. I certainly have, and I've been wanting to do a deep dive into the project ever since I heard about it. Like everyone else, I wanted to know if the 20% stable APY it offers on the UST stablecoin is legit.
Today's video covers exactly that, and it includes a breakdown of everything you need to know about Anchor Protocol: what it is, how it works, what the risks are, and a full tutorial of how to use it. I even cover Anchor Protocol's future improvements and sustainability.
All I will say here is that Anchor Protocol is seriously impressive. It was built by the same team behind Terra, it's tech is solid and secure (so far), and it's actually one of the largest DeFi protocols in cryptocurrency by total value locked.
If you're interested in or even skeptical of Anchor Protocol, this video is a must watch. I think you'll be as surprised as I was to find out what's going on under the hood, and just how much potential there is in Terra's ecosystem.
⛓️ 🔗 Useful Links 🔗 ⛓️
► Anchor Protocol TVL: https://defillama.com/protocol/anchor
► ANC Tokenomics: https://docs.anchorprotocol.com/proto...
► Bonded LUNA: https://docs.anchorprotocol.com/proto...
► Bonded ETH: https://docs.anchorprotocol.com/proto...
► Anchor Protocol Stats (Scroll Down): https://app.anchorprotocol.com/
► Anchor Protocol Yield Reserve: https://mirrortracker.info/anchor
► Terra Proposal To Add 450m UST To Yield Reserve: https://agora.terra.money/t/capitalis...
► Terra Station Wallet: https://chrome.google.com/webstore/de...
► Anchor Protocol App: https://app.anchorprotocol.com/
► Anchor Protocol Insurance Tutorial: https://youtu.be/p4QH-tJ4vQA
► Anchor Protocol V2 Details (Limited): https://twitter.com/CryptoHarry_/stat...
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.