Anchor offers stable, low-volatility yields on Terra stablecoins, backed by staking rewards, with instant withdrawals and principal protection through collateral liquidation.
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Anchor is a savings protocol that offers stable yields with low volatility on deposits of Terra stablecoins. The Anchor rate is driven by a diversified stream of staking rewards from major proof-of-stake blockchains, making it more stable than traditional money market interest rates. We believe that a consistent and reliable yield in Anchor has the potential to become the benchmark interest rate in the cryptocurrency industry. The Anchor protocol facilitates a money market where lenders seek to earn steady returns on their stablecoins, while borrowers can borrow stablecoins by locking up collateral assets known as bAssets. Borrowers deposit stablecoins and secure loans based on the protocol's specified Loan-to-Value (LTV) ratio. The accumulated staking rewards from the collateral pool are ...
As of now, Anchor Protocol is trading at 0.000554 USD, with a 24-hour trading volume of approximately 0.04 USD. The ANC to USD price is updated in real time. Over the past 24 hours, Anchor Protocol has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 194.11K USD. Currently, there are 350 381 852.323076 ANC in circulation out of a maximum supply of 1 000 000 000 ANC.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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