I have created this Animated explainer for a new protocol launching on Terra. In it I also explain how it uses Anchor and how Anchor works. Check it out 

Script below

"Welcome to another Crypto setups explainer video

Today I am going to give you a simple overview of the Protocol called Pylon

So what is Pylon?

Before we go there let me tell you about A protocol called Anchor

Anchor is a protocol that allows your UST stable coin to earn 20% interest APY

Simply deposit ust into Anchor and you start earning 20%

It is able to give such a high interest rate by: and for this example I will just use some rates to paint the picture

So it can give such a high interest rate by Letting users lock luna and borrow 30% of its value in UST- you pay a interest rate on this,  say around 18%

At the same time 100% of that luna is staked and the rewards from that luna goes into the anchor treasury to ensure it can keep that 20% interest rate.

So Now you know what Anchor is and how it generates its Yield- remember this is the simplified version

Now lets come back to What is Pylon?

Pylon enables you to put the interest you earn on your deposited funds to use in a number of different ways - like -

Investing in new projects - think of it as making a lossless investment.

or

having the interest pay for some of your subscription services like Netflix..

Are you wondering how?

Say you deposit $1000 ust into Anchor - over the year at 20% interest you have $1222.

Now lets look at how this same scenario works with Pylon

You deposit $1000ust in Pylon -

Pylon takes that’s and puts it into anchor,

 the interest that $1000 earns is used to purchase tokens for a new projects or pay for the subscriptions.

It enables you to redirect your Interest while ensuring your initial deposit is safe and yours at all times!

So why use Pylon?

What a great way for a new project to kickstart and acquire funding.

 At the same time anyone can be an early investor in a start-up without putting any of their capital at risk!

Remember this is a simplified version of what Pylon is. You can already see its potential tho.

Imagine getting in on seed round investments for new Protocols without the fear of losing your principal amount.

Imagine having your interest earnt being redirected to pay off your mortgage.

Plyon can enable such things!"