What is Danchor?
Danchor is a decentralized lending platform. Users can use EOS as collateral to borrow stablecoin USN. USN is an USD-pegged stablecoin. USN maintains its value through its over-collateralization and liquidation mechanism.
What can Danchor do?
Danchor is a good way to get extra cash flow. Basically you get to safely store your EOS and get USN to be traded for fiat or other crypto.
Danchor can also be used for leveraging. When a user deposits certain amount of EOS and generate USN. This USN may be used to buy additional EOS, which can, in turn, be used as additional collateral to generate more USN.