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What is anchor protocol (Anch)?

Built by Terraform Labs (the company behind Terra), Anchor Protocol is a savings, lending, and borrowing platform that offers high returns to lenders, while allowing borrowers to borrow stablecoins by using staked assets as collateral.

What is the APY for Anchor's Savings protocol?

At the time of writing, the APY for Anchor’s savings protocol or Anchor Rate as it is known stands at 19.47% APY. FYI: The Anchor Rate benchmark interest rate for Anchor’s savings protocol and is derived and shaped by the collateralised assets staked on Acnhor.

What is anchor AP?

This communication does not traverse the Meraki Cloud and is a proprietary protocol for secure access point to access point communication. UDP port 9358 is used for this communication between the APs. As you can see in the above diagram, Anchor AP is the AP where the client gets connected the first time.

How do I earn interest on anchor protocol?

To earn interest, you can deposit TerraUSD (UST). Plus, you’ll also need to have some extra UST to pay for the transaction fees. If you are taking out a loan you´ll need to put down collateral. At the time of this Anchor Protocol review, the collateral is either minted Luna or bLuna.

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