Anchor
Anchor was a decentralized yield protocol on Terra, offering fixed ~20% APY on UST stablecoin deposits. It became one of the most widely used DeFi yield platforms before the collapse of Terra and its stablecoin in May 2022. The collapse led to Anchor’s failure and massive losses across the DeFi ecosystem. Anchor serves as a cautionary tale about unsustainable yield promises.
| Anchor | |
|---|---|
| Supported Stablecoins | UST (Terra), USDC, USDT |
| APY Range (%) | 3%–20% |
| Fees | None |
| Lock-Up Options | Flexible |
| Security Measures | Audited smart contracts |
| Interest Payout Frequency | Continuous (real-time) |
| Availability | Global (DeFi) |
| Minimum Deposit | No minimum |
| Maximum Coverage/Protection | No insurance (DeFi protocol) |
| Notable Features | Algorithmic stablecoin yields, Terra ecosystem |
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