Solana coming to Anchor Protocol
When Do Kwon established TerraForm Labs he revolutionised Decentralised Finance better known as De-Fi. He didn't want to change the financial system he wanted to beat it in a decentralised way.
Anchor Protocol which has been the flag ship protocol on Terra (Luna) Network continues to grow by enabling people to collateralise other network tokens and borrow against them.
With Ethereum, Atom and AVAX now available to be provided to borrow against, Solana is the next token to be brought across to Anchor which will see two competeing blockchains further battle it out.
Solana Image Source: Solana
Luna Chart Source: Coinhall
This is not financial advice and readers are advised to undertake their own research or seek professional financial services
▶️ 3Speak
https://twitter.com/ValloneSimon/status/1521252224726626311
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I think I saw a chart a while ago showing that Solana has been having net inflows over the past month and year. So there are a lot of investors over there. However, their network keeps going down for maintenance every once in a while right? I wonder if it's growing pains and I just feel a little skeptical about it.
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It is the start of a new borrowing game, let's see which token wins the race.
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I agree and we will potentially see Luna on another quick run I rekon
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This is very interesting news... Do you think this will in turn help LUNA? I´ve been thinking for a while to buy LUNA...
I think it may cause another spike in Luna value as Solana users rush into collateralise their token and mint more UST
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