Anchor Protocol (ANC) is a savings and lending platform on the Terra blockchain. More
| Fully Diluted Valuation | $3.50M |
|---|---|
| 24H Trading Volume | $1 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 350.39 M |
| Total Supply | 1.00 B |
| Max Supply | 1.00 B |
| Categories | Decentralized Finance (DeFi) 9 more |
|---|---|
| Founder | Daniel Shin |
| Website | anchorprotocol.com |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arkhamintelligence 3 more |
| Contracts |
0x0f3....9bc20
1 more
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| Name | Pair | OG Score |
|---|
Anchor Protocol (ANC) is a platform on the Terra blockchain that lets users earn stable returns on their stablecoin deposits. It uses rewards from staking various cryptocurrencies to offer consistent and low-risk yields.
How It Works
Anchor connects two groups: lenders and borrowers. Lenders deposit Terra stablecoins and earn interest, which comes from the rewards of collateralized assets. Borrowers provide Bonded Assets (bAssets) as collateral to borrow stablecoins. The interest paid to lenders comes from the rewards collected on these bAssets.
Key Features
Stable Returns: Anchor offers up to 19.5% yield on stablecoin deposits with minimal volatility.
Instant Access: Depositors can withdraw their funds quickly.
Principal Protection: The protocol has safeguards to prevent losses from undercollateralized loans.
Who Can Use It
Anchor is ideal for investors looking for stable returns and low-risk options. Users can either deposit stablecoins to earn interest or use their assets as collateral to borrow additional funds. There is also a higher-risk option to participate in liquidation pools for potential extra returns.
Founders and Background
Anchor was created by Terraform Labs in March 2021. The company was founded by Daniel Shin and Do Kwon, who have extensive experience in tech and e-commerce. Terraform Labs has received significant investment from major crypto investors.
What Makes It Different
Anchor stands out due to its easy-to-use design and its ability to offer stable, high-yield savings. It provides a stable return on deposits and allows borrowers to access funds without giving up control of their assets.
Token and Security
The ANC token is used for governance within the protocol, allowing holders to vote on decisions. There are 1 billion ANC tokens in total, with 222 million currently available. Anchor operates on the Terra blockchain, which is secured by a proof-of-stake system and has passed multiple security audits.
Conclusion
Anchor Protocol (ANC) offers a stable and reliable way to earn interest on stablecoin deposits and provides flexible borrowing options. Its design and stability make it a valuable tool for users in the cryptocurrency world.
Anchor Protocol offers a unique approach by providing stable, high-yield returns on stablecoin deposits through diversified staking rewards, ensuring low volatility compared to traditional money markets.
Anchor Protocol was founded by Daniel Shin and Do Kwon through Terraform Labs, with both founders bringing extensive experience from tech and e-commerce sectors.
Anchor Protocol has received investment from major crypto investors, including Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Anchor Protocol (ANC) is ($350,389,360), max supply of Anchor Protocol ANC is ($1,000,000,000) and the market cap of Anchor Protocol ANC is ($1,226,794).
What is the Anchor Protocol (ANC) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Anchor Protocol (ANC) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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