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.

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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 (ANC) is the 502nd largest cryptocurrency in the world by market cap, valued at $40,232,611. The current price of Anchor Protocol is $0.16560401, which is -12.847% lower than yesterday. Prices have ranged between $0.19001411 and $0.16238651 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 09:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Anchor Protocol (ANC) price

Use our graph to track the performance of (ANC) over time.

Anchor Protocol at a glance

Information last updated May 18, 2022 09:05 UTC.
Coin symbol ANC
Coin Marketcap AUD$40,232,611
Total ANC supply 1,000,000,000
Circulating ANC 346,901,107
Current price AUD$0.16560401
All time high date March 19, 2021
Notable team members Marco Di Maggio, Eui Joon Lee
Partnerships DeFi Alliance, Delphi Ventures
Industry Savings-as-a-Service
Token uses Governance token
Network Terra

Anchor Protocol price performance over time

Historical prices compared with the price of $0.16560401.

1 hour -1.40%
24 hours -12.85%
7 days -75.87%
14 days -93.15%
30 days -94.31%
60 days -95.82%
200 days -95.97%
1 year -97.67%

Disclaimer: Cryptocurrencies, including Anchor Protocol, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ANC 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 Anchor Protocol or any other cryptocurrency discussed.

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