1/ As we are putting the finishing touches on , it's important to think about how this piece fits into the weird money puzzle that is crypto.
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2/ The centerpiece of modern finance is the savings account.
Most households store 90%+ of their assets in savings, and fixed income instruments anchor the balance sheets of institutions & money managers.
Aping is fringe - savings is mainstream.
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3/ Crypto today does not have a reliable savings protocol.
Crypto yield is either denominated in volatile assets (foodcoins), offer volatile yields derived from money markets, or are centralized and blackbox.
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4/ Stable & attractive yields denominated in the dollar, and composable in smart contracts is the holy grail of cryptocurrency.
Holding crypto in a double digit yielding savings account is not a venture bet.
It's commercial suicide not to.
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6/ An important challenge for Anchor will be mobilizing the first few fintech platforms to pull the trigger.
The team is well positioned to speak the fintech lingo given we've built a few of these things before.
Go to market is "Stripe for savings"
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7/ The ecosystem that enables the creation of the first reliable savings protocol is going to win, period.
A million developers will rush to build on the ecosystem(s) that secures assets for a hundred million households.
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8/ There will be many such ecosystems. Anchor will strive to live on as many PoS networks as possible.
UST is an interchain stablecoin, and Anchor will enable savings across the interchain.
Expect , , , to play a role
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9/ Launch is in a few days.
{fin}
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