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Anchor Protocol Price (ANC)
Anchor Protocol (ANC) Chart
Anchor Protocol (ANC) Return On Investment(ROI)
Anchor Protocol (ANC) Price Now
Anchor Protocol price today is $0.1407 with a 24-hour trading volume of $29,499,889. ANC price is down -0.21% in the last 24 hours. It has a circulating supply of 350.38Mil ANC tokens and a max supply of 1000Mil. In order to explore addresses and transactions, you may use block explorers such as
What Is Anchor Protocol(ANC)?
Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. We believe that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto.
The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up Bonded Assets (bAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio. The diversified stream of staking rewards accruing to the global pool of collateral then gets converted to stablecoin, and then conferred to the lender in the form of a stable yield.
What Are the Main Features of Anchor Protocol(ANC)?
Anchor is structured to provide depositors with:
- High, stable deposit yields powered by rewards of bAsset collaterals
- Instant withdrawals through pooled lending of stablecoin deposits
- Principal protection via liquidation of loans in risk of under collateralization
Anchor is an open, permissionless savings protocol, meaning that any third-party application is free to connect and earn interest without restrictions.
Who Are the Founders of Anchor Protocol(ANC)?
Anchor Protocol is created by Terraform Lab. The whitepaper is written by Nicholas Platias, Eui Joon Lee, and Marco Di Maggio.
What Is Anchor Protocol(ANC) Token?
The Anchor Token (ANC) is Anchor Protocol's governance token. ANC tokens can be deposited to create new governance polls, which can be voted on by users that have staked ANC.
ANC is designed to capture a portion of Anchor's yield, allowing its value to scale linearly with Anchor's assets under management (AUM). Anchor distributes protocol fees to ANC stakers pro-rata to their stake, benefitting stakers as adoption of Anchor increases -- stakers of ANC are incentivized to propose, discuss, and vote for proposals that further merit the protocol.
ANC is also used as incentives to bootstrap borrow demand and initial deposit rate stability. The protocol distributes ANC tokens every block to stablecoin borrowers, proportional to the amount borrowed.
Where Can I Buy Anchor Protocol(ANC) Token?
Investing inAnchor Protocol(ANC) Token can seem complicated, but it is much easier when you buy Anchor Protocol(ANC) Token through a cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Anchor Protocol(ANC) Token — both for fiat money and other cryptocurrencies. Some of the most popular Anchor Protocol(ANC) Token cryptocurrency exchanges are:
Anchor Protocol (ANC) Community
- Twitter: https://twitter.com/anchor_protocol
- Discord: https://discord.gg/9aUYgpKZ9c
- Medium: https://medium.com/anchor-protocol
- Telegram: https://t.me/anchor_official
Anchor Protocol (ANC) Contracts
ANC Price Statistics
- Anchor Protocol Price Today
Anchor Protocol Price
24h Low / 24h High
$0.1396 / $0.1432
Trading Volume 24h
Volume / Market Cap(%)
- Anchor Protocol Market Cap
Fully Diluted Market Cap
- Anchor Protocol Price History
7d Low / 7d High
$0.1356 / $0.1959
30d Low / 30d High
$0.081 / $0.2026
90d Low / 90d High
$0.0192 / $3.46
52 Week Low / 52 Week High
$0.0192 / $6.18
All Time High
All Time Low
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