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Anchor Protocol

Anchor Protocol ANCPrice $ 0.00663

Rank: 1465

ANC Price

0.00663
8.91%
Price Range
LowHigh
$ 0.00601$ 0.00682

General Info

Tags (Sub-Categories):

# Token

Funds and Backers

Description

Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits.

Anchor Protocol (ANC) Chart

Anchor Protocol price Index provides the latest ANC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

ANC to USD Converter

Anchor Protocol (ANC)ANC

ANC Price Statistics

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Market Cap

$ 2.31M

Fully diluted value

FDV

$ 6.59M

ATH Market Cap

$ 1.61B


Vol. (24h) / MCap

0.0254

Max Supply

ANC 1,000,000,000

Total Supply

ANC 1,000,000,000

Circulating Supply

ANC 350.39M

(35% of Max Supply)

All Time High

$ 8.08

19 Mar 2021


All Time Low

$ 0.00375

21 Mar 2025


From ATH

99.9%

From ATL

75.6%
Trending Anchor Protocol Fiat Pairs

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.

Deposited stablecoins are represented by Anchor Terra (aTerra). aTerra tokens are redeemable for the initial deposit along with accrued interest, allowing interest collection to be done just by holding on to them. 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 undercollateralization

Anchor Protocol Price Today

Anchor Protocol's current price is $ 0.00663, it has increased +8.91% over the past 24 hours.

Anchor Protocol's All Time High (ATH) of $ 8.08 was reached on 19 Mar 2021, and is currently -99.9% down.

The current circulating supply of Anchor Protocol is 350.39 Million coins, and the maximum supply of Anchor Protocol is 1.00 Billion.

Anchor Protocol’s 24 hour trading volume is $ 59.04 Thousands.

Anchor Protocol (ANC) operates on its own blockchain.

Anchor Protocol's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 2.32 Million.

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