Last updated on February 15th, 2022
If you’re looking for a way to earn interest on your cryptocurrencies, 2 platforms that you may have heard of include Anchor Protocol and Celsius. How are they different, and which should you choose? Here’s what you need to know:The difference between Anchor Protocol and Celsius
The Anchor Protocol is a decentralised platform that only allows you to earn interest on UST. Meanwhile, Celsius is a centralised platform that allows you to earn interest on a wider variety of cryptocurrencies, such as BTC, ETH and ADA. Here is a further comparison between these 2 platforms:Supported cryptocurrencies
Here are the different cryptocurrencies that you can deposit into either account:Anchor Protocol only allows you to deposit UST
The only cryptocurrency that you can deposit on Anchor Protocol is UST, which is an algorithmic stablecoin.
