Anchor Mariner Hunt

A dive into some of the offerings of the Anchor Protocol

Introduction

Anchor is a savings protocol, where a suite of offerings is bundled together to earn users appreciable yield. This dashboard shall outline some of Anchor's products and their associated transactions.

Anchor Earn

Anchor Earn enables users to deposit stablecoins (UST for now) and earn a constant yield of ~20% APR. Here's a sample earn deposit transaction.

Anchor Borrow

How does Anchor fund earn deposits? Borrows. Anchor allows users to borrow by supplying collateral in the form of bAssets. Borrowers take out UST and are incentivized with ANC tokens. Here's a sample transaction depicting a loan repayment from Anchor Borrow.

ANC-UST LP Staking

Anchor also offers an opportunity for users to stake ANC and UST tokens for yield. This is particularly beneficial to borrowers earning ANC tokens as incentives who want a way to park those tokens. Here's a sample ANC-UST LP staking transaction:

Conclusion

Anchor is a savings protocol with a low barrier of entry, appreciable yield, and a suite of products for everyone.