Daily TVL of DeFi lending platform Anchor Protocol up until May 12, 2022
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".
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