Anchor Protocol Logo

Anchor Protocol ANC

Anchor Protocol header image

1. Summary

Ranks

Liquidity
71
Developer
-
Social
97
Momentum (beta)
57
Stack Rankā„¢
-
Price
$0.009394670000 -10.6%
Market Cap
$3.29M (#1924)
Supply
350.39M / 1.00B
Price
52W High price $0.05
52W High date 19th Feb 2023 (1 year ago)
All Time High (ATH) Date 19th Mar 2021 (3 years ago)
ATH Price $8.23
% From ATH -99.84%
All Time Low (ATL) Date 20th Jun 2023 (1 year ago)
ATL Price $0.004802090000
% From ATL 168.21%
Supply & Trading Volume
Trading Volume (24h) $52,203.00
Total Supply 1.00B
Max Supply 1.00B
Circulating Supply 350.39M
Description

Anchor Protocol

Anchor Protocol

Anchor Protocol is a decentralised finance (DeFi) protocol developed within the Terra ecosystem. As its name suggests, it aims to offer network users a system of collateralised loans. The protocol generates rewards for both the lender and the borrower, who is assigned an annual percentage rate (APR). Both operations involve the use of stablecoins, collateral, and tokens on the Terra chain.

Key Features

Anchor Protocol is structured to provide depositors with:

  • High, stable yields on Terra stablecoin deposits
  • Instant withdrawals through pooled lending of stablecoin deposits
  • Principal protection via liquidation of loans at risk of under-collateralization

The protocol utilises bonded assets (bAssets), which are tokenized stakes on the Proof-of-Stake (PoS) blockchain. These assets symbolize ownership of staked assets, providing block rewards toolders while retaining liquidity and fungibility. Acceptance of these assets as collateral makes Anchor Protocol a strong and unique product.

Governance Token (ANC)

The Anchor Token (ANC) is Anchor Protocol's governance token. ANC tokens can be deposited to create new governance polls, which are voted on by users who have staked ANC. ANC tokens generate a buying pressure that increases proportionally with Anchor's assets under management (AUM). Protocol fees are used to purchase ANC tokens, which are then distributed as staking rewards to ANC stakers. The total supply of ANC tokens is 1 billion, with an ongoing distribution plan over at least four years.

Functionality

The protocol allows depositors to benefit from a low-volatility interest rate. To generate revenue, Anchor lends deposits to borrowers who use liquid-stake PoS assets from other blockchains as collateral. The diversified stream of staking rewards accrued to the global pool of collateral is then converted to stablecoins and distributed to the lender in the form of a stable yield.

2. Price

ANC

2.1. Market Performance

How does Anchor Protocol's (ANC) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-4.6%

ANC

-6.2%

Similar Market Cap

60 Day Return

-32.2%

ANC

-25.9%

Similar Market Cap

1 Year Return

-72.9%

ANC

-45.1%

Similar Market Cap

3. Developer Activity

We're monitoring 24 Anchor Protocol GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Anchor Protocol Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 138

Most Active Repos

Past week 23
Past 12 weeks 92
Past year 1616
Past week 0
Past 12 weeks 0
Past year 230
Past week 2
Past 12 weeks 7
Past year 150
Past week 0
Past 12 weeks 14
Past year 141
Past week 0
Past 12 weeks 12
Past year 129
Past week 7
Past 12 weeks 13
Past year 124

Top Developers 2024

In total, 96 developers have contributed to Anchor Protocol over the past year. Who are the most active Anchor Protocol developers, by commits, over the past year?

Related Projects

Developers working on Anchor Protocol also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 2,462
Active Reddit Users (past 24h) 0
Discord users 10,088
Active Discord Users 659
Telegram Users 10,485
Twitter followers 239,279
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://anchorprotocol.com/
Explorer https://finder.terra.money/columbus-4/address/terr...
Twitter @anchor_protocol
reddit /r/AnchorProtocol
Whitepaper https://anchorprotocol.com/docs/anchor-v1.1.pdf

What is the correct contract address for Anchor Protocol?

Terra terra14z56l0fp2lsf86zy3hty2z47ezkhnthtr9yq76
Ethereum 0x0f3adc247e91c3c50bc08721355a41037e89bc20

Has Anchor Protocol been audited for security?

No security audits found for this project.

Are you the owner of Anchor Protocol? Edit it here

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