
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.
Anchor Protocol at a glance
Basic stats for Anchor Protocol
Anchor Protocol news

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Anchor Protocol performance over time
Anchor Protocol fundamental and technical analysis
Social activity for Anchor Protocol
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