Anchor Protocol is a lending and borrowing protocol offering up to 19.5% yield on stablecoin deposits. Lenders can deposit their UST and earn attractive rates on their investments while simultaneously benefiting from low volatility. Borrowers can turn their LUNA collateral into productive assets without giving up control of it.

Anchor Protocol can thus attract risk-averse investors looking for high-yield, low-volatility investments and increase demand for UST. This advances the adoption of UST as a stablecoin and subsequently the adoption of the Terra project in DeFi. With the increasing adoption of Terra, whose founders are behind the launch of Anchor Protocol, the price of LUNA will increase.

Anchor Protocol was founded in March 2021 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 has taken the DeFi space by storm, rising by 17,000% in 2021.

Before launching Terraform Labs, Mr. Kwon was CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. Moreover, 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. He also co-founded Fast Track Asia, a startup incubator that helps entrepreneurs build fully functional companies.

Terraform Labs is one of the biggest and most in-demand companies in the cryptocurrency space and has raised $150m from major crypto investors like Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital.

Anchor stands out from countless other money market protocols like Aave and Compound thanks to its elegant user interface and simple-to-use functionality. The protocol’s core value proposition is connecting borrowers and lenders by offering the former a way to borrow in stablecoin without forfeiting their investments and the latter an attractive interest rate on stable assets.

ANC is the protocol’s native governance token that can be staked to receive voting rights and influence Anchor's future. Its total supply is 1 billion, with a current circulating supply of 222 million. The ANC token is distributed as follows:

• Borrower incentives (40%)
• Investors (20%)
• Team (10%)
• Luna staking rewards (10%)
• Community fund (10%)
• ANC liquidity (5%)
• Airdrops (5%)

Anchor does not offer any information about vesting schedules. The ANC token reached an all-time high of over $8 shortly after its launch, but has significantly lost in value since. However, if UST supply continues to expand, ANC could potentially revisit its trading range between $3 and $4.

Anchor is built on the Terra blockchain, a layer-1 blockchain using a delegated proof-of-stake consensus mechanism based on Tendermint. LUNA token holders can either stake tokens themselves to secure the network or delegate their tokens to other validators.

Anchor has also been audited a total of three times by Cryptonics and Solidified and found to be secure. The protocol offers a Bug Bounty Program with rewards between $500 and $150,000.

The ANC token is available as a native CW-20 token on Terra and as an ERC-20 token on Ethereum.

ANC is available on Binance, OKX, Mandala Exchange, KuCoin, and Gate.io.

If you want to learn more about how to start buying cryptocurrencies, you can read more on CoinMarketCap Alexandria.

The all-time high of ANC was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Anchor Protocol (ANC) is 0. The current price of ANC is down 0% from its all-time high.

As of , there is currently 350.38M ANC in circulation. ANC has a maximum supply of 1.00Bn.

The current market cap of ANC is 3.39M. It is calculated by multiplying the current supply of ANC by its real-time market price of 0.009686918354.

The all-time low of ANC was 0 , from which the coin is now up 0%. The all-time low price of Anchor Protocol (ANC) is 0. The current price of ANC is up 0% from its all-time low.

Anchor Protocol (ANC) has a market capitalization of $3.39M and is ranked #1683 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Anchor Protocol (ANC) price trends and patterns to find the best time to purchase ANC.