The total value locked (TVL) in decentralized crypto lending platform Anchor Protocol grew by roughly 50 percent within a month in 2022. The lending protocol was created within the Terra blockchain and launched in March 2021, first meant to support the demand for stablecoin TerraUSD (UST). One year later, it had already become one of the biggest DeFi platforms based on market cap. This popularity stems from the platform's promise to hand out a stable interest rate of nearly 20 percent for those looking to stake cryptocurrencies - a percentage described by some as "a benchmark yield for the whole industry".
TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022
(in billion U.S. dollars)
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DefiLlama. (May 12, 2022). TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. "TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022 (in billion U.S. dollars)." Chart. May 12, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. (2022). TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. "Tvl (Total Value Locked) of Decentralized Finance (Defi) Lending Protocol Anchor Protocol as of May 12, 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 May 2022, https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama, TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/ (last visited November 21, 2024)
TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of May 12, 2022 (in billion U.S. dollars) [Graph], DefiLlama, May 12, 2022. [Online]. Available: https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
