About Anchor Protocol
Trading Insights
Searched
1
Market Stats
Market Cap
$1.03M
FDV
$2.95M
Circ. Supply
350M ANC
Max Supply
1B ANC
Total Supply
1B ANC
Diluted Valuation
$2.95M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$55.61K
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$8.31
Price Change (1Y)
-71.16%
Additional details
Market details
ANC vs markets
↘ 79.85%
ANC vs BTC
↘ 83.58%
ANC vs ETH
↘ 60.6%
Tags
binance-launchpool
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x0F3ADC247E91c3c50bC08721355A41037E89Bc20 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0030 | 0.00% |
1 Day | $0.0030 | 0.00% |
1 Week | $0.0030 | ↗ 0.28% |
1 Month | $0.0062 | ↘ 53.24% |
1 Year | $0.0105 | ↘ 71.16% |
Coinbase insights
Recent trends
The latest ANC price is $0.0030. Anchor Protocol's all time high is $8.31, 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 $1.03M, which is a result of multiplying the current price of Anchor Protocol($0.00) by the total supply(1,000,000,000 ANC). The fully diluted valuation of Anchor Protocol is $2.95M. The diluted valuation of Anchor Protocol is $2.95M.
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 USD currency in real-time. Get the live price of Anchor Protocol on Coinbase.
The current market cap of Anchor Protocol is $1.03M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Anchor Protocol is $8.31. 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 $55.61K.
Assets that have a similar market cap to Anchor Protocol include Umee, Humaniq, Orange, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Anchor Protocol is 350 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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.
Anchor Protocol news
Trending articles
Anchor Protocol calculator
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.