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Anchor Protocol (ANC) is not tradable on Coinbase.

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

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Anchor Protocol

ANC

About Anchor Protocol

Anchor Protocol (ANC) is a lending and borrowing protocol that aims to provide compensation on stablecoin deposits. It allows lenders to deposit their UST and receive rates on their holdings while benefiting from low volatility. Borrowers, on the other hand, can convert their LUNA collateral into productive assets without relinquishing control. The protocol seeks to attract risk-averse individuals looking for high-compensation, low-volatility opportunities and increase demand for UST. This, in turn, aims to advance the adoption of UST as a stablecoin and subsequently the adoption of the Terra project in the DeFi space.

Anchor Protocol operates by connecting borrowers and lenders. Lenders deposit their UST and earn compensation, while borrowers can bond their LUNA tokens and receive bonded LUNA in return. They can borrow up to 60% of their deposited collateral in UST and pay a compensation rate that is slightly higher than that paid to lenders. The protocol uses revenue from the spread between borrowers’ and lenders’ compensation rates to earn staking rewards on Terra. The Anchor Yield Reserve is the protocol’s treasury that covers its expenses when rates have not reached a stable equilibrium.

Anchor Protocol has several potential use cases. It can serve as a savings product for users seeking passive income with low price exposure. Users can deposit Terra stablecoins and get stablecoins in return, thereby avoiding the high volatility of most crypto assets. Anchor’s deposit compensation rate stabilization mechanism aims to provide additional protection from volatility by providing stable compensation. Users can also leverage their positions by putting their assets as collateral to borrow stablecoins and acquire more of the same asset. Additionally, users can participate in the Anchor liquidation pool, a higher-risk, higher-return product that provides liquidation financing for Anchor debt positions.

Anchor Protocol was established by Terraform Labs, a South Korean fintech company founded by Daniel Shin and Do Kwon. Terraform Labs is also behind the Terra layer-one blockchain that operates in the DeFi space. Before launching Terraform Labs, Mr. Kwon was CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions, and he previously worked as a software engineer for Microsoft and Apple. Mr. Shin co-founded and headed Ticket Monster, a major South Korean e-commerce platform, and also co-founded Fast Track Asia, a startup incubator that helps entrepreneurs build fully functional companies.

Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$3.7M

Volume (24h)

$71,669.96

Circulating supply

350.4M ANC

All time high

$8.31

Market performance

Price change (1h)

-0.78%

Price change (1d)

-5.1%

Price change (1w)

-5.4%

Price change (2w)

-15.75%

Price change (1m)

-23.2%

Price change (1y)

+28.87%

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Anchor Protocol is on the decline this week.

The price of Anchor Protocol has decreased by 0.78% in the last hour and decreased by 5.10% in the past 24 hours. Anchor Protocol’s price has also fallen by 5.40% in the past week. The current price is $0.0106 per ANC with a 24-hour trading volume of $71.67K. Currently, Anchor Protocol is valued at 99.87% below its all time high of $8.31. This all-time high was the highest price paid for Anchor Protocol since its launch.

The current circulating supply of Anchor Protocol is 350,381,852.323 ANC which means that Anchor Protocol has as total market cap of 350,381,852.323.

FAQ

What is the current price of Anchor Protocol?

We update our Anchor Protocol to USD currency in real-time. Get the live price of Anchor Protocol on Coinbase.

What is the market cap of Anchor Protocol?

The current market cap of Anchor Protocol is $3.70M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Anchor Protocol?

The all-time high of Anchor Protocol is $8.31. This all-time high is highest price paid for Anchor Protocol since it was launched.

What is the 24 hour trading volume of Anchor Protocol?

Over the last 24 hours, the trading volume of Anchor Protocol is $71.67K.

What other assets are similar to Anchor Protocol?

Assets that have a similar market cap to Anchor Protocol include HyperCash, Medieval Empires, Tune.FM, and many others. To see a full list, see our comparable market cap assets.

How many Anchor Protocol are there?

The current circulating supply of Anchor Protocol is 350 million.

Can I buy Anchor Protocol on Coinbase?

Yes, Anchor Protocol is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Anchor Protocol guide.