What is Anchor Protocol?

Anchor Protocol is a savings protocol built to run directly on top of the Terra stablecoin ecommerce payment platform. It allows users to earn yield powered block rewards by lending out Terra deposits to borrowers who allocate liquid-stake Proof-of-Stake (PoS) assets from PoS blockchain protocols as collateral, in the form of bonded assets (bAssets). Anchor Savings employs no minimum deposits, account freezes, or sign-up requirements, and can be used by practically anyone in the world with access to the Internet. The Anchor ecosystem makes use of its main utility token (ANC) and other asset types designed specifically for use within Terra's decentralized finance (DeFi) ecosystem.