Anchor

Anchor is a decentralized money market built on Terra that offers UST (Terra's USD-pegged stablecoin) depositors a stable 20% APY. Borrowers can collateralize UST loans using bonded LUNA (bLUNA), Terra's native token. Anchor plans to expand support to other PoS L1s. The protocol earns a return for the depositors through staking borrowers' LUNA collateral. ANC is Anchor's inflationary protocol token, offering holders governance rights as well as a percentage of protocol earnings.