Anchor Protocol
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  • Developers - Ethereum [Legacy]
    • EthAnchor
    • EthAnchor Account Contract
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      • Getting Market Information
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  • Usage
  • Supported Stablecoins

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  1. EthAnchor

EthAnchor

PreviousCreating and voting on proposalsNextEthAnchor Contracts

Last updated 3 years ago

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EthAnchor is scheduled for deprecation and is to be replaced with xAnchor. It is highly recommended that new integrations are built with and not with EthAnchor.

For those wishing to read up on the previous version of EthAnchor, click .

EthAnchor provides a gateway for Ethereum users and dApps to interact with Anchor using Ethereum stablecoins.

Users can deposit Ethereum stablecoins to EthAnchor smart contracts to receive their aTerra counterparts. By holding on to aTerra, users accrue the interest generated on their stablecoin deposits.

Due to the involvement of cross-chain token transfers, EthAnchor operations (deposit, redeem) follow an asynchronous model and thus are not immediately finalized as of with a typical Ethereum smart contract. Additional processing time (separate from the time required for Ethereum Tx confirmation) is needed in order for an operation to be fully processed.

Usage

Supported Stablecoins

Supported Ethereum stablecoins and their APYs at the time of writing are listed below:

Note that additional fees may be applied from WebApp implementations, resulting in a lower APY.

Stablecoin Name

Symbol

APY

Wrapped UST

UST

19.5%~20.5%

Dai Stablecoin

DAI

16.5%

Tether USD

USDT

16.5%

USD Coin

USDC

16.5%

Binance USD

BUSD

16.5%

Frax

FRAX

16.5%

Deposits of stablecoins other than UST are converted to UST via , an Ethereum-based exchange protocol which specializes in stablecoin swaps. Similarly, withdraws for non-UST stablecoins are processed by first withdrawing UST, which is then swapped for other stablecoins and returned.

EthAnchor can be accessed either by direct interactions with the EthAnchor contracts, or via WebApp interfaces such as .

Curve
Orion.Money
xAnchor
here