Cosmos, Polkadot and Terra collaborate to develop new DeFi savings product Anchor

Cosmos, Polkadot and Terra revealed that they have jointly developed a new DeFi savings product called Anchor, which aims to provide reliable interest rates for stable currency deposits. Allegedly, the three companies plan to launch Anchor on their respective blockchains by the end of the third quarter of this year and expand them to other PoS blockchains in the future.