In this video we explore the Anchor Protocol which is the biggest defi project by TVL (total value locked) built on the Terra Blockchain. In the same vein, Anchor Protocol makes up more than half of the entire TVL on Terra which speaks for itself. The native coin to this project $ANC has been performing amazing over the past few weeks while markets have been slipping.
Continuing, that could be due to the fact that the Anchor Protocol claims to offer 20% APY staking rewards for $UST coin holders. $UST is the algorithmic Stablecoin made for Terra.
Are you invested in Anchor? Let me know in the comment section!
Tickers: $ANC, $UST $LUNA
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