what's Subra?

Subra was a DeFi protocol on the Terra blockchain designed to enable users to deposit UST into the Anchor protocol to earn yield while simultaneously using the same capital for other activities, such as dollar-cost averaging into Bitcoin or purchasing synthetic assets, without touching the principal. This created a self-repaying loan mechanism where the yield from Anchor covered borrowing costs and usage. The protocol launched shortly before the Terra ecosystem collapse in May 2022, after which the team pivoted away from it.

Subra pivoted to stablecoin gateway for merchants after Terra launch.