Coinlist Pro A Deep Dive into Terra and Anchor: The Reliable Savings Protocol

A Deep Dive into Terra and Anchor: The Reliable Savings Protocol

Decentralized Finance (DeFi) has exploded in the last 12 months. As DeFi projects like Uniswap, Maker, Aave, Yearn, and Compound became billion-dollar protocols, we saw a transition from ‘degenerate finance’ to ‘regenerate finance’ where the community set a higher bar for fiscal responsibility, smart contract security, and user experience.

This week, we had the privilege to learn about one of the most exciting projects in the DeFi ecosystem in 2021 — Anchor Protocol.

Built by the team at blockchain platform Terra, Anchor is a savings protocol that provides crypto natives, fintech companies, and regular investors a stable, high-yield interest rate for DeFi.

We sat down with Do Kown, Co-Founder and CEO of Terra to discuss what they are building and what makes Anchor more reliable and attractive than other DeFi savings protocols. Let’s dive in.

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