Do you plan to bridge back the UST to terra to stake in anchor?
how will the funds be custodial on the terra blockchain??
TAP 7 - Anchor Protocol Whitelist
the ust protocol holds are not much actually..
only 4m ust, but the collaboration between olympus and anchor is becoming interesting
HackerLaddy need more detail about the whitelist…
what is aTerra, how does this work on Ethereum
Ran Anchor currently has 9.5B UST deposited which can be seen here: https://app.anchorprotocol.com/
Holding UST without staking it on anchor, is like holding OHM and not staking it.. 19+% APY lets go
kubatha There is UST on ETH L1 due to wormhole. That is what Olympus has been bonding. https://docs.wormholenetwork.com/wormhole/
No, my question is, if the proposal passes, those UST will be bridged into Terra then deposit it to Anchor Protocol? If so, what is the aTerra for? Thanks!
Coud I assume they'll be bridging it or using some form of bridged aUST that they'll swap to on ETH mainnet.
- Edited
I support the concept, but the proposal has some basic errors that should be clarified:
aTerra does not exist. I assume you mean aUST.
aUST does not exist on Ethereum. The easiest way to access the Anchor rate at the current time is likely via Orion Protocol. The suggested TAP-5 covered this approach for FRAX, and the same principles apply to wUST;
I suggest we have the policy team review and whitelist Orion itself— not just Anchor. Orion injects an additional later of smart contract and liquidity risk, but is the only practical way (that I know of) to access the Anchor rate for wUST (ERC20) tokens which is what we have in the Olympus Treasury.
Happy to be corrected if there is an alternative approach the OP intends to use to access Anchor from Ethereum.