Anchor Protocol ANC Price 0.01087057

To find out more about this project, check out our deep dive.
What is the anchor protocol?
Up to 19.5% yield on stablecoin deposits is offered by the Anchor Protocol. It is possible for the lender to earn attractive rates on their investments while also benefiting from low volatility.
The Anchor Protocol can attract risk-averse investors looking for high-yield, low-volatility investments. The Terra project in DeFi will be adopted as a stable coin.

Who are the originators of Anchor Protocol?
Terraform Labs is a South Korean company founded by Daniel Shin and Do Kwon.
Before launching Terraform Labs, Mr. Anyfi is a startup that provides wireless mesh networking solutions. He worked as a software engineer for both Microsoft and Apple. Mr. Shin co-founded and headed Ticket Monster.
Terraform Labs is one of the biggest and most in-demand companies in the space and has raised $150m from major investors.

What makes anchor protocol unique?
Thanks to its elegant user interface and simple-to-use function, Anchor stands out from other money market protocols.

Borrowers will receive bLUNA (bonded LUNA) in return for bonds. They can borrow up to 60% of their deposit in UST and pay an interest rate that is slightly higher than that paid to the lender. After 21 days, bonds can be unbonded.
The protocol uses revenue from the spread between the interest rates of borrowers and the interest rates of lenders to earn staking rewards on Terra, which are between 5% and 7% annually. When rates have not reached a stable equilibrium, the anchor yield reserve is the protocol's treasury that covers its expenses.

There are pages related to this.

There is a synthetic asset protocol on Terra.
You can learn about what a cripto lending is.
The latest trading insights and news can be found on the blog.

How many coins are in circulation?
The protocol's native governance token, ANC, can be staked to receive voting rights and influence Anchor's future. It has a total supply of 1 billion and a circulating supply of 222 million.


The incentives for borrowers are 40%. 20% of investors are investors. There is a team of 10%. The Luna staking rewards are 10%. There is a community fund. The ANC has 5% of its assets in cash. Airdrops are 5%.
The anchor doesn't give any information about the schedules. The ANC token reached an all-time high of $8 shortly after its launch, but has lost value since.

The anchor protocol network is secured.
A delegated proof-of-stake consensus mechanism based on Tendermint is used for anchor.
Cryptonics and Solidified audited Anchor three times and found it to be secure.


Where can you buy anchor protocol?
ANC is available on a number of websites.
You can read more on Alexandria if you want to learn more about buying cryptocurrencies.