07:12 May 7, 2022 Anchor Protocol to Support $bSOL as Collateral
Terra ecosystem lending protocol Anchor Protocol announced that it will support $bSOL (wrapped $stSOL on Terra) as collateral, supplementing $UST deposit rates with Solana staking rewards and allowing $stSOL holders to access to collateralized lending and $ANC liquidity mining rewards. Users can borrow $UST by depositing $bSOL as collateral to Anchor.
Source Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
Related News
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Avalanche buys back $53M of AVAX tokens from Terra’s LFG Radiant Capital hacker moves $52M in stolen funds 13 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
13 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance