Anchor protocol's reserves head toward depletion due to lack of borrowing demand

by Aurelia Butler 27 January 2022, 22:20 169 Views

As a savings protocol, users deposit their UST assets via their wallets and earn up to 20% yields as their principal is lent out to borrowers, who pay interest on the loan amount. Borrowers must deposit collateral to ensure the lender can get their money back in the event of a default. In addition, Anchor stakes the collateral it receives to generate rewards for depositors.

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Source: Cryptocurrency - investing.com

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Anchor protocol's reserves head toward depletion due to lack of borrowing demand

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