Money Market

This section describes provides a high-level overview of Anchor Protocol's Money Market contracts.

Even with a thorough understanding of Anchor Protocol, it is highly recommended to interact with Anchor through client channels such as the Anchor WebApp or Anchor.js.

Smart Contracts




Manages money market overalls, stores borrower information


Handles Terra stablecoin deposits and borrows, ANC distribution to borrowers

Custody [bLuna]

Handles bLuna collateral deposits and withdrawals

Interest Model

Calculates the current borrow interest rate based on the market situation

Distribution Model

Calculates the borrower ANC emission rate based on the previous emission rate.


Provides a price feed for bAsset collaterals