UST staking goes live on Binance as Anchor reserves fall

by Aurelia Butler 6 April 2022, 21:40 119 Views

Terra’s (Luna) ecosystem consists of its algorithmic stablecoin UST and governance/equilibrium token LUNA. The Anchor protocol alleges that it operates as a “crypto savings account,” allowing users to deposit their UST and earn up to 20% APY. The savings rate is funded via a combination of borrowers paying interest on UST loans and staking income from their collateral.

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Source: Cryptocurrency - investing.com

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UST staking goes live on Binance as Anchor reserves fall

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