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Скачать или смотреть (WATCH THIS) Terra's Anchor Protocol to Launch on Polkadot DeFi Hub Acala. Terra LUNA coin. polkadot

  • Pianta Crypto News
  • 2022-04-18
  • 67
(WATCH THIS) Terra's Anchor Protocol to Launch on Polkadot DeFi Hub Acala. Terra LUNA coin. polkadot
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#terraluna #defi #polkadot #terralunacoin #polkadotcoin #terracoin #anchorprotocol #crypto #cronos
Terra's Anchor Protocol to Launch on Polkadot DeFi Hub AcalaTerra's popular decentralized finance (DeFi) protocol Anchor is coming to Polkadot's Acala network.
The partnership comes as Polkadot looks to become its DeFi adoption and Anchor expands onto new blockchains.
According to a press release, Acala and Karura, a Polkadot parachain, will expand Anchor's collateral options for the UST stablecoin with Liquid DOT (LDOT) and Liquid KSM (LKSM).
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The teams also plan to set up liquidity pools for stablecoins UST and aUSD on Acala. AUSD, Acala's most popular product, is the native decentralized stablecoin for the Polkadot ecosystem - one that recently got a $250 million reserve for attracting use cases.

Acala will also integrate with the cross-chain bridge Wormhole, allowing clients to bridge their assets between the Polkadot and Terra ecosystems.All told, backers of both Acala and Terra expect the tie-up to become the decentralized stablecoin market - a segment of the crypto economy that has swelled to more than $25 billion. The total stablecoin market (dominated by dollar-backed USDT and USDC) has surpassed $180 billion in market capitalization.

Anchor is a savings and borrowing protocol currently positioned third by total value locked (TVL), with clients having committed more than $14.7 billion in crypto assets, according to DeFiLlama. The protocol's out of this world 19.5% yield has made it the most popular DeFi protocol on Terra.
All the more recently, Anchor has expanded into other base-layer blockchains after seeing massive growth on its native Terra. Last month, Anchor launched on the layer 1 blockchain Avalanche.
Polkadot also appears to work out a host of stablecoin integrations, announcing earlier Wednesday that Tether's USDT stablecoin would send off on Kusama, Polkadot's "canary network" for trialing projects.

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