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Anchor Protocol

ANC

  • Lending
  • DeFi
Established Year
2020
Headquarter
Korea
Operating Status
Inactive
Ecosystem
Terra Classic
Anchor is a decentralized money market built on Terra that offers UST (Terra's USD-pegged stablecoin) depositors a stable annual percentage yield (APY) of 20%. Borrowers can use bonded LUNA (bLUNA), Terra's native token, to collateralize UST loans. The protocol earns a return for the depositors by staking the LUNA collateral provided by the borrowers. ANC is Anchor's inflationary protocol token, granting holders governance rights as well as a portion of the protocol's earnings.

Financial Portfolio

Funding

Private
8 Investors
$20 M

Recent News

Frequently Asked Questions

What Is Anchor Protocol (ANC)?

[Anchor Protocol](https://www.coinlive.com/coin/anchor-protocol) is a lending and borrowing protocol offering up to 19.5% yield on [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) deposits. Lenders can deposit their [UST](https://www.coinlive.com/coin/terrausd) and earn attractive rates on their investments while simultaneously benefiting from low volatility. Borrowers can turn their [LUNA](https://www.coinlive.com/coin/terra-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](https://coinmarketcap.com/alexandria/glossary/defi). With the increasing adoption of Terra, whose founders are behind the launch of Anchor Protocol, the price of LUNA will increase.