Try Quests to earn cryptoAnchoring LUNA
Anchor protocol serves as a money market between lenders and borrowers of stablecoins. The lender can deposit their stablecoins on the platform for lending and earn interest on it. The borrowers, in turn, can borrow these stablecoins by providing stakeable assets as collateral. These assets are regarded as bonded assets, and currently, bLUNA is the only bonded asset that can be used as collateral. The bonded asset is then locked up, and UST is borrowed against it at an LTV ratio defined by the protocol, which is currently a maximum of 40%. Anchor Protocol operates using a liquid staking mechanism. Staking rewards earned on bLUNA by borrowers are liquidated by the protocol into UST for depositors allowing them to earn target yield up to 20 %. so when we talk about liquidations in anchor we talk about how many bLuna liquidated.