Solana comes to largest Terra DeFi protocol, Anchor
According to the official announcement shared by the Anchor Protocol (ANC) team, ANC will use bSOL, a synthetic asset derived from Solana’s core cryptocurrency SOL, as collateral to borrow TerraUSD (UST), Terra’s USD-pegged stablecoin.
The loan-to-value (LTV) ratio for the upcoming collateralization option will be set at 60%, according to Anchor Protocol’s team statement. As per the original text of the proposal shared on Anchor Protocol’s forum, bSOL tokens can be obtained by staking SOL on the Lido Finance liquid staking module, wrapping the rewards and sending them to Terra (LUNA) through Wormhole multi-chain bridge ecosystem.