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2/ Recall that 's goal is to create a stable reference yield across blockchains - we declared an ambitious goal of posing a decentralized challenge to the federal funds rate.
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3/ Since then, we've seen an explosion of new projects leveraging this stable yield:
- in TradFi
- to bring Anchor to other blockchains
- for lossless giving
- , @TiiikMoney for retail
Replying to
4/ Anchor's developer ecosystem proves what we've been saying all along about DeFi: programmability is king.
mAssets in allow every asset under the moon to become programmable
Pylon's mission allow the already attractive Anchor rate to be easily programmable.
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5/ 's first use case is Gateway - a token launch platform in the Terra ecosystem.
It allows for lossless investments - buyers deposit $UST to farm tokens for new projects, and developers secure runway via the resultant Anchor yield.
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6/ Gateway is just a start. Pylon can direct anchor cashflow in any way expressible by a smart contract.
On Terra, this means any way imaginable.
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7/ It turns out Pylon's payments by cashflow is superior to one off payments by principal:
Users can:
- Directly influence direction of DAOs by voting with their cashflow
- Prove loyalty by a history of staking to creators
- Influence story direction in episodic content
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8/ One of the most interesting problems in crypto is scaling incentives over time and number of participants in DAOs -
is to date the most expressive and novel attempts to solve that problem to date.
Countdown soon.
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Well done for all these projects. but we only increase deposits without ever increasing loans and collateral. how to avoid imbalances in the medium term? And maintain yields?
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Replying to @josephliow
Problem is that there are a lot of projects to deposit money on Anchor and take advantage of the 20% However none to increase loans. So this can cause a major imbalance. Unless the price soars thus increasing the overall value of the collateral, this situation is very dangerous.