Overview

Analysis

Insights

The chart below highlights that more people have been depositing to Anchor protocol than borrowing in the past 60 days.

Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates.

The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up Bonded Assets (bAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio.

For more info visit - https://docs.anchorprotocol.com/

The chart below highlights the daily amount of deposits and borrows in USD that have taken on Anchor protocol over the past 60 days.

The chart highlights that both total deposits and borrows are have steadily been increasing over the past 60 days.

The next two charts below highlight the daily total and average amount in USD that has been both deposited and borrowed in the past 60 days.

Even though the average daily amount seems to have no clear trend, we can see that the total deposits and borrows have been increasing.

We can confirm this by looking at the total deposit vs total borrow chart here - https://app.anchorprotocol.com/

The three key insights we can gain from this dashboard are:

1. Amount Deposited > Amount Borrowed in the past 60 days. 58.5% vs 41.5% respectively.

2. Both Total Amount Deposited and Borrowed have steadily increased over the past 60 days.]

3. Daily Average and Total both Deposited and Borrowed remain to be stagnant.

Overall, the dashboard highlights the strong growth of Anchor Protocol in the Terra Ecosystem.