1/ Dropping Anchor: countdown.anchorprotocol.com
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Conversation
2/ Over the next three days, we will be releasing new information about
The goal is to make things more fair – by reducing information asymmetry, we can make sure people actually understand what they are getting into.
There is more here than just an airdrop.
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3/ If you haven’t already, read this to understand what Anchor is and why it’s interesting: twitter.com/d0h0k1/status/
In our view, Anchor presents the first decentralized challenge to the federal funds rate.
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1/ As we are putting the finishing touches on @anchor_protocol, it's important to think about how this piece fits into the weird money puzzle that is crypto.
HBR plug: hbr.org/2021/02/how-bl
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4/ Here’s a start – there are mainly four ways to earn on Anchor:
- Save: deposit UST to earn UST
- Stake: stake Luna to receive ANC airdrops
- Farm: Borrow UST backed by Luna collateral to farm ANC tokens, and/or provide ANC liquidity
- Buy: buy ANC from Terraswap (Station)
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5/ Save -
Anchor offers stable yields on UST. This will be the highest stablecoin yield available on the market.
The exact rate will be announced in 24 hours.
If this is attractive to you, saver, get your UST ready.
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6/ Stake -
Similar to Mirror, initial ANC supply will be airdropped to Luna stakers to align the application’s interests with the base layer – and will continue for two years.
If this is attractive to you, LUNAtic, keep your $Luna staked.
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7/ Farm -
Most ANC tokens will be farmed by UST borrowers. To borrow, you must mint $bLUNA staking derivatives on the webapp using Luna (1:1), and use that as collateral for your UST loan.
To do this, degen, make sure you have some liquid Luna around for the launch.
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8/ Buy –
For speculators, ANC tokens will be first listed on Terraswap by TFL using our initial airdrop supply.
The goal of this offering is to offer the community the best deal possible – distribution details will be announced in 48 hours. Keep UST ready.
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9/ At this point, you must be wondering, why do ANC tokens have value? All I can say for now is that ANC’s value capture will be superlinear to the growth of AUM.
ANC tokenomics will be the last announcement in 71 hours.
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10/ The Anchor launch completes my personal roadmap of wanting to create basic financial functions on Terra (payments, investments, and savings), and turns a new chapter for .
This is just the beginning – the next few months will be LUNAtic 🌕🚀
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