| Founded | 2021 |
|---|---|
| Closed | 2022 |
| Country | South Korea |
| Sector | Web3 |
| Total raised | $0 (protocol) |
| Collapse type | Sudden Collapse |
| Founder | Do Kwon, Daniel Shin |
Anchor Protocol
"The 19.5% APY DeFi protocol that built the house of cards that brought down Terra and $40B in user wealth"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Anchor Protocol was a savings protocol on the Terra blockchain built by Terraform Labs that offered a fixed 19.
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