According to Coindesk, the DeFi savings agreement “Anchor” on the Terra blockchain is intended to be launched through governance token rewards. Terra co-founder Do Kwon said that the v1 version will be launched in October. The new governance token may be named Anchor and will be distributed within five years, and Anchor will not be pre-mined. In addition, Solana has recently joined Anchor’s Interchain Asset Association (Interchain Asset Association), and will work with Terra, Cosmos and Polkadot to govern Anchor. The chain notes that Anchor provides a capital-guaranteed stable currency savings product that accepts Terra deposits and can pay stable interest rates, aiming to provide reliable interest rates for stable currency deposits.