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7/ ... and with staking returns + ANC borrowing incentives it will still offer a rate of 15-16%. If we were to get to this hypothetical situation, Anchor will *still* offer the highest ra return on stablecoins. By far. It will be fine.

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8/ Narrowing the gap in between deposits and borrows is an important challenge, and more than anything has been driven by the slowness of adding more staking collateral. It's not so much that leverage demand is going down, there is barely any luna left that can be locked

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9/ When we started anchor we took the strategy of: 1) building bespoke staking derivatives for Anchor 2) creating liquidity for said derivative 3) forcing users to bridge said collateral to the Terra chain from others to borrow and deposit

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10/ Too slow. We are making changes in the next iteration of the protocol to be more flexible in the types of staking derivates that can be used (integration speed uponly)

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Matt Cantieri

@mcantieri

· Jan 7

1/ I’m not a threadorrrrrr, but let’s talk about Anchor’s foreign policy and what it means for the citizens of ally nation chains. Nb: this directly affects the yield reserve, which I’m told has the undivided attention of 5.5 gigabrains

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11/ We are also taking anchor to users on other chains instead of forcing bridging (e.g. most avalanche users want to borrow natively instead of having to bridge and set up new key management structures etc)

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12/ Goal is to drop luna dominance in anchor collateral under 40% by growing adoption of other assets - should grow utilization rate.

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13/ But in the meanwhile, I am resolved to find ways of subsidizing the yield reserve. Anchor is still in the growth phase, and maintaining the most attractive yield in DeFi stable will strengthen that growth & build up moats. twitter.com/stablekwon/sta Stay tuned.

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· Jan 25

Don’t wanna get another DM about the @anchor_protocol yield reserve. What do you want?

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