TechFlow news, the Terra ecosystem's fixed-rate protocol Anchor Protocol has launched a community proposal to collaborate with pSTAKE Finance, Persistence's liquid staking product, to bring stkATOM—created by pSTAKE Finance—into the Terra ecosystem. It proposes adding bATOM as new collateral on Anchor Protocol, enabling stkATOM holders to earn ATOM staking rewards while also using their assets as collateral to generate yield on Anchor.
Notably, bATOM is the wrapped version of stkATOM on the Terra blockchain, allowing stkATOM holders to convert their stkATOM into bATOM via the Wormhole cross-chain bridge. The proposal aims to provide additional yield opportunities for ATOM stakers and help narrow the gap between deposits and borrowings on the Anchor Protocol.
