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Anchor Protocol (ANC) price, chart, coin profile and news

Find the latest Anchor Protocol (ANC) price, coin profile, news and history to get you started with Anchor Protocol trading and investing.

Anchor Protocol (ANC) is the 1236th largest cryptocurrency in the world by market cap, valued at $16,847,638. The current price of Anchor Protocol is $0.0476, which is 3.817% higher than yesterday. Prices have ranged between $0.04871846 and $0.04537066 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2023 12:01 UTC.

Anchor Protocol price chart

Price over the past month

What is Anchor Protocol?

Anchor Protocol is a savings-based DeFi protocol on the Terra blockchain that supposedly enables you to earn higher returns on your savings as passive income. ANC is its native token which is used for staking and governance.

The protocol accepts deposits in Terra tokens and enables instant withdrawals while paying you a “low volatility interest rate.” Terra is a blockchain protocol that utilizes stablecoins pegged to fiat currencies to enable price-stable payment systems. Anchor’s core proposition is a principal-protected stablecoin product that pays you a stable interest rate on your savings.

For generating yields, the protocol lends deposits to borrowers that deposit collateral in the form of staked assets from major blockchains. The collateral is known as bAssets. The interest rates on deposits are stabilized by sharing a fraction of the yield of the deposited bAssets with the depositor. In addition to the fixed interest rates, the protocol also guarantees a principal-protected system. The principal is guaranteed for depositors by liquidating collateral from the borrowers.

This liquidation is done through liquidation contracts and third parties that indulge in arbitrage. Users that aren’t interested in depositing or borrowing funds, can participate in this protocol through Anchor’s liquidation pool. This is a high-risk high-return product that enables principal protection for the protocol’s debt positions to the lenders. Such users earn rewards through passive premiums and liquidation fees on the execution of the liquidation contracts.

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Anchor Protocol at a glance

Basic stats for Anchor Protocol

#1236
$17 M
1 B
350 M
Marco di maggio
Eui joon lee
Defi alliance
Delphi ventures
Savings-as-a-service
Governance token
Terra
Show all

Anchor Protocol performance over time

Anchor Protocol fundamental and technical analysis

Time frame
Movement
1 day
3.82%
1 week
10.47%
1 month
49.40%
2 months
7.84%
200 days
63.11%
1 year
97.04%
Show all

Social activity for Anchor Protocol

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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