About Anchor Protocol
Trading Insights
Searched
3
Market Stats
Market Cap
ARS 1.54B
25.96%
FDV
ARS 4.41B
Circ. Supply
350M ANC
Max Supply
1B ANC
Total Supply
1B ANC
Diluted Valuation
ARS 4.44B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
ARS 80.59M
35.75%
Volume (7D)
ARS 1.05B
Volume (30D)
ARS 4.54B
All time high
ARS 9.81K
Price Change (1Y)
-66.47%
Additional info about Anchor Protocol
Recent trends
The latest ANC price is ARS 4.42. Compared to Anchor Protocol's value of ARS 3.52 from 24 hours ago, there's been a 25% increase, while the current price is 42% up from ARS 3.03 which was recorded one week ago. Anchor Protocol's all time high is ARS 9,805.80, which was reached on March 19, 2021. This is a -100% change from its price today.
The current circulating supply of Anchor Protocol is 350,381,852. This is 35% of its max supply of 1,000,000,000 ANC and 35% of its total supply of 1,000,000,000. The market cap is currently ARS 1.54B, which is a result of multiplying the current price of Anchor Protocol(ARS 4.42) by the total supply(1,000,000,000 ANC). The fully diluted valuation of Anchor Protocol is ARS 4.41B. The diluted valuation of Anchor Protocol is ARS 4.41B.
Market details
ANC vs markets
↘ 75.63%
ANC vs BTC
↘ 78.85%
ANC vs ETH
↘ 52.65%
Tags
binance-launchpool
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0F3ADC247E91c3c50bC08721355A41037E89Bc20 |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 4.42 | ↗ 25.01% |
1 Day | ARS 3.52 | ↗ 25.01% |
1 Week | ARS 3.03 | ↗ 42.49% |
1 Month | ARS 8.41 | ↘ 48.91% |
1 Year | ARS 11.29 | ↘ 66.47% |
FAQ
Anchor Protocol (ANC) is a lending and borrowing protocol that aims to provide compensation on stablecoin deposits. It allows lenders to deposit their UST and receive rates on their holdings while benefiting from low volatility. Borrowers, on the other hand, can convert their LUNA collateral into productive assets without relinquishing control. The protocol seeks to attract risk-averse individuals looking for high-compensation, low-volatility opportunities and increase demand for UST. This, in turn, aims to advance the adoption of UST as a stablecoin and subsequently the adoption of the Terra project in the DeFi space.
Anchor Protocol operates by connecting borrowers and lenders. Lenders deposit their UST and earn compensation, while borrowers can bond their LUNA tokens and receive bonded LUNA in return. They can borrow up to 60% of their deposited collateral in UST and pay a compensation rate that is slightly higher than that paid to lenders. The protocol uses revenue from the spread between borrowers’ and lenders’ compensation rates to earn staking rewards on Terra. The Anchor Yield Reserve is the protocol’s treasury that covers its expenses when rates have not reached a stable equilibrium.
Anchor Protocol has several potential use cases. It can serve as a savings product for users seeking passive income with low price exposure. Users can deposit Terra stablecoins and get stablecoins in return, thereby avoiding the high volatility of most crypto assets. Anchor’s deposit compensation rate stabilization mechanism aims to provide additional protection from volatility by providing stable compensation. Users can also leverage their positions by putting their assets as collateral to borrow stablecoins and acquire more of the same asset. Additionally, users can participate in the Anchor liquidation pool, a higher-risk, higher-return product that provides liquidation financing for Anchor debt positions.
Anchor Protocol was established 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 operates in the DeFi space. Before launching Terraform Labs, Mr. Kwon was CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions, and 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, and also co-founded Fast Track Asia, a startup incubator that helps entrepreneurs build fully functional companies.
We update our Anchor Protocol to ARS currency in real-time. Get the live price of Anchor Protocol on Coinbase.
The current market cap of Anchor Protocol is ARS 1.54B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Anchor Protocol is ARS 9,805.80. This all-time high is highest price paid for Anchor Protocol since it was launched.
Over the last 24 hours, the trading volume of Anchor Protocol is ARS 80.59M.
Assets that have a similar market cap to Anchor Protocol include TypeAI, 888, Baby Pepe, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Anchor Protocol is 350 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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