{"id":427585,"date":"2022-04-06T23:00:00","date_gmt":"2022-04-06T20:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ust-staking-goes-live-on-binance-as-anchor-reserves-fall\/"},"modified":"2022-04-06T23:00:00","modified_gmt":"2022-04-06T20:00:00","slug":"ust-staking-goes-live-on-binance-as-anchor-reserves-fall","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ust-staking-goes-live-on-binance-as-anchor-reserves-fall\/","title":{"rendered":"# UST staking goes live on Binance as Anchor reserves fall"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2ecd9e233dc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2ecd9e233dc\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ust-staking-goes-live-on-binance-as-anchor-reserves-fall\/#%E2%80%9D_UST_staking_goes_live_on_Binance_as_Anchor_reserves_fall_%E2%80%9C\" >&#8221; UST staking goes live on Binance as Anchor reserves fall &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_UST_staking_goes_live_on_Binance_as_Anchor_reserves_fall_%E2%80%9C\"><\/span>&#8221; UST staking goes live on Binance as Anchor reserves fall &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTljZGIxMTQtMmY2ZC00YmRkLWE3ZTktMTU2OGYyY2Y1NjM0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>On Wednesday, centralized cryptocurrency exchange Binance\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/26d2615fa70a4253a8c240f16248dfdd\">launched<\/a> its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon \u2014 Terra Luna&#8217;s (LUNA) co-founder \u2014 attributed the origins of the high yield to Terra&#8217;s flagship Anchor protocol.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Anchor rate is now available to 30M+ binance users<\/p>\n<p>The anchor yield of web3 is living up to its name.<\/p>\n<p> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/awubGdRJgP\">https:\/\/t.co\/awubGdRJgP<\/a><\/p>\n<p>\u2014 Do Kwon  (@stablekwon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stablekwon\/status\/1511596493933015042?ref_src=twsrc%5Etfw\">April 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nTerra Luna&#8217;s ecosystem consists of its algorithmic stablecoin UST and governance\/equilibrium token LUNA. The Anchor protocol alleges that it operate as a &#8220;crypto savings account,&#8221; allowing users to deposit their UST and earn up to 20% APY. The savings rate is funded via a combination of borrowers paying interest on UST loans and staking income from their collateral.<\/p>\n<p>At the time of publication, there is a continued imbalance between borrowers and lenders, with 12.4 billion UST worth of deposits relying on income <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.anchorprotocol.com\/\">generated<\/a> by just 3.47 billion UST of loans. Anchor must tap into its reserves to pay out its promised APY when this occurs. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/terra.engineer\/en\/terra_addresses\/terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8\">According<\/a> to data from an unofficial tracking resource called Terra.engineer, Anchor has less than 340 million UST remaining in its reserves, compared to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 450 million UST last month. Despite the declining reserve count, the Terra development team is using initiatives such as injecting more reserve capital and launching more income-generating methods to maintain protocol.\u00a0<\/p>\n<p>Earlier in the day, data from Luna Foundation Guard&#8217;s (LFG) official Bitcoin (BTC) address <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitaps.com\/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4q\">shows<\/a> that the entity purchased another 5,040 BTC ($222 million), bringing its total stack to 35,768 BTC ($1.577 billion). LFG launched in January to grow the Terra ecosystem and improve the sustainability of its stablecoins. Earlier, Do Kwon said he wanted to build a decentralized forex reserve for UST, utilizing both LUNA and BTC. LFG plans to expand its BTC reserves to $10 billion, with additional purchases after that based on how much UST is minted.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ust-staking-goes-live-on-binance-as-anchor-reserves-fall\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; UST staking goes live on Binance as Anchor reserves fall &#8220; On Wednesday, centralized cryptocurrency exchange Binance\u00a0launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon \u2014 Terra Luna&#8217;s (LUNA) co-founder \u2014 attributed the origins of the high yield to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZTljZGIxMTQtMmY2ZC00YmRkLWE3ZTktMTU2OGYyY2Y1NjM0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,74894,74863,76556,75493,122378,74355,117,4965],"class_list":["post-427585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-blockchain","tag-cryptocurrencies","tag-fintech","tag-stablecoin","tag-terra","tag-adoption","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427585"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427586"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}