Currencies
6990
Market Cap
$ 2.17T
-1.92%
24h Spot Volume
$ 179.57B
-1.33%
BTC Dominance
49.23%
-1.59%
Anchor Protocol [ANC]
 
Rank: 217
Token:
USD 4.94
-8.12
BTC 0.0000864
-4.80
ETH 0.00218
-7.85

Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits.

Market Cap

$ 268,825,090
Ƀ 4,706
ATH: $ 452,500,637 

24h Trade Volume

$ 2,543,312
Ƀ 44.52
ANC 515,139

Supply

Circulating:
ANC 54,449,577(5.44%)
Total:
ANC 1,000,000,000
Max:
ANC 1,000,000,000

All-Time-High (ATH) Price

$ 8.31 (19 Mar 2021)
Ƀ 0.000143 (19 Mar 2021)
ETH 0.00459 (19 Mar 2021)
From ATH: -40.6%

Anchor Protocol (ANC) operates on its own blockchain.

The max. supply of Anchor Protocol that will ever be issued is 1.00 Billion coins, and the current supply of ANC in circulation is 54.45 Millions coins.

Current Anchor Protocol price is $ 4.94 moved down to -8.12% for the last 24 hours.

All time high (ATH) price of Anchor Protocol reached $ 8.31 on 19 Mar 2021 and fallen -40.6% from it.

Anchor Protocol's share of the entire cryptocurrency market is 0.01% with the market capitalization of $ 268.83 Millions.

Anchor Protocol’s 24 trading volume is $ 2.54 Millions. It is trading on 1 markets and 1 Exchanges the most active of them is OKEx.

Anchor Protocol Price Chart

Anchor Protocol price Index provides the latest ANC price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Anchor Protocol to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

Anchor Protocol Performance USD

PeriodChangeChange (%)HighLow
24H-$ 0.436-8.12%$ 5.39$ 4.87
7D-$ 0.270-5.18%$ 5.70$ 4.72
14D$ 0.978+24.7%$ 5.70$ 3.90
1M-$ 1.91-27.9%$ 6.92$ 3.90

What is Anchor Protocol

Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. We believe that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto.

The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up Bonded Assets (bAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio. The diversified stream of staking rewards accruing to the global pool of collateral then gets converted to stablecoin, and then conferred to the lender in the form of a stable yield.

Deposited stablecoins are represented by Anchor Terra (aTerra). aTerra tokens are redeemable for the initial deposit along with accrued interest, allowing interest collection to be done just by holding on to them. Anchor is structured to provide depositors with: