- Joined
- Oct 2, 2017
- Messages
- 8,620
Anchor Borrow flipped positive again. Look below and see how the distribution APR is higher than the borrow APR, yielding a positive net APR. This means if you are borrowing against your collateralized LUNA or ETH your interest rate is now negative. As in, you are not paying interest, but you are getting PAID to borrow. Imagine if your mortgage rate wasn't 2 or 3%, but was -1%???
And with Anchor Earn (basically a savings account) yielding 19.62%, you can take that UST you get paid to borrow and deposit it for an insane, stable yield. And EARN is liquid, so you can take it out in 10 seconds if you need to. What a world.
View attachment 177972
Anchor Protocol
Anchor is a lending and borrowing protocol that provides crypto natives, fintech companies, and investors a stable high interest rate, offering up to 19.5% yield on stablecoin deposits, and much more!app.anchorprotocol.com
Update:
+3.52% on amount borrowed
+19.49% on borrowed amount deposited into Earn
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