Logo Anchor Protocol ANC

Better Savings, Better Yield, Easier Integrations and Frictionless Access

0.3317 +21.01%

What is Anchor Protocol?

Anchor is a saving-protocol that offers low-volatile yields on Terra stablecoin. There are four entities in Anchor; borrowers, depositors (lenders), liquidators and ANC liquidity providers. In Anchor protocol, depositors are incentivised for lending Terra stablecoins to the money market. They will receive yields from the accrued interest, and staking rewards. While borrowers need to create a bonded assets (bAssets) from PoS assets as collateral for the loan. Liquidator monitors the loan-to-value ratio for the collateralised bAssets, and if it crossed the set maximum, liquidators will liquidate the loan by purchasing the bAssets in exchange of Terra stablecoin. ANC liquidity providers provide liquidity for ANC/UST Terraswap Pair, which is important since ANC is used as an incentive for borrowers. 

Anchor Token (ANC) is a governance token for the Anchor protocol. It can be deposited to create new governance polls, which users who staked their ANC will be able to vote. ANC is also used as incentives for borrowers. It is distributed for each block to every borrower proportional to the amount borrowed. There is a maximum (planned) supply of 1 billion ANC which will be distributed over a period of at least 4 years.

Anchor Protocol Project Investors ($20.0M)

Galaxy Digital, Jump Trading, Alameda Research, Dragonfly Capital Partners, Pantera Capital, Naval Ravikant Delphi Digital, Hashed, .

Footnote: [NS]

Signals (Beta):  [Crash Level 5]  [Sharpe Ratio 0]