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Anchor Protocol
About Anchor Protocol
Anchor Protocol is a Terra-based DeFi platform offering stablecoin savings accounts with high yields. It provides a low-risk financial product, allowing users to deposit Terra stablecoins and earn interest rates determined by market demand. The platform also offers other DeFi products like lending and borrowing. The goal is to offer stable and predictable savings for users and make DeFi more user-friendly and accessible.
Anchor Protocol is a decentralized finance (DeFi) platform built on the Terra blockchain that provides stablecoin savings account with high yields. The platform is designed to offer low-volatility and low-risk financial products to users while maintaining a transparent and decentralized system.
Anchor Protocol was created by the Interchain Foundation, which is a non-profit organization that oversees the development and adoption of the Cosmos blockchain ecosystem.