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ANC

Anchor ProtocolANC

Rank #560
Token
On 88,808 watchlists

Anchor Protocol Price (ANC)

$0.05544
1.88%

0.000003268 BTC1.27%

0.00004428 ETH1.30%

Low:$0.0546
High:$0.05831
24h
ANC  Anchor Protocol ANC
Price:
$0.05544
 1.88%
Market Cap
$19,425,689
1.88%
Market Cap / TVL Ratio
11.77
24h Volume / Market Cap
0.4577
Fully Diluted Market Cap
$55,441,482
1.88%
Total Value Locked (TVL)
$1,649,844
Volume
24h
$8,892,009
76.89%
CEX Vol
$8,892,009.39
DEX Vol
--
Circulating Supply
350,381,852.32 ANC
35%
Max Supply
1,000,000,000
Total Supply
1,000,000,000

Anchor Protocol to USD Chart

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ANC to USD Converter

ANC

Anchor Protocol

USD

United States Dollar

ANC Price Statistics

Anchor Protocol Price Today
Anchor Protocol Price$0.05544
Price Change24h-$0.001062
1.88%
24h Low / 24h High
$0.0546 /
$0.05831
Trading Volume24h$8,892,009.39
76.89%
Volume / Market Cap0.4577
Market Dominance0.00%
Market Rank#560
Total Value Locked (TVL)$1,649,844
Anchor Protocol Market Cap
Market Cap$19,425,689.04
1.88%
Fully Diluted Market Cap$55,441,481.67
1.88%
Anchor Protocol Price Yesterday
Yesterday's Low / High
$0.0546 /
$0.05831
Yesterday's Open / Close
$0.05768 /
$0.05485
Yesterday's Change

4.91%

Yesterday's Volume$9,396,564.31
Anchor Protocol Price History
7d Low / 7d High
$0.05012 /
$0.06319
30d Low / 30d High
$0.04546 /
$0.09228
90d Low / 90d High
$0.04546 /
$0.2113
52 Week Low / 52 Week High
$0.04546 /
$6.18
All Time High
Mar 19, 2021 (2 years ago)
$8.31
99.33%
All Time Low
Nov 09, 2022 (24 days ago)
$0.04546
21.96%
Anchor Protocol ROI
No Data
Anchor Protocol Supply
Circulating Supply350,381,852 ANC
Total Supply1,000,000,000 ANC
Max Supply1,000,000,000 ANC

ANC to USD Converter

ANC

Anchor Protocol

USD

United States Dollar

ANC Price Live Data

The live Anchor Protocol price today is $0.055441 USD with a 24-hour trading volume of $8,892,009 USD. We update our ANC to USD price in real-time. Anchor Protocol is down 1.88% in the last 24 hours. The current CoinMarketCap ranking is #560, with a live market cap of $19,425,689 USD. It has a circulating supply of 350,381,852 ANC coins and a max. supply of 1,000,000,000 ANC coins.

If you would like to know where to buy Anchor Protocol at the current rate, the top cryptocurrency exchanges for trading in Anchor Protocol stock are currently Binance, OKX, MEXC, Bitrue, and BingX. You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of Anchor Protocol.

What Is Anchor Protocol (ANC)?

Anchor Protocol is a lending and borrowing protocol offering up to 19.5% yield on stablecoin deposits. Lenders can deposit their UST and earn attractive rates on their investments while simultaneously benefiting from low volatility. Borrowers can turn their LUNA collateral into productive assets without giving up control of it.

Anchor Protocol can thus attract risk-averse investors looking for high-yield, low-volatility investments and increase demand for UST. This advances the adoption of UST as a stablecoin and subsequently the adoption of the Terra project in DeFi. With the increasing adoption of Terra, whose founders are behind the launch of Anchor Protocol, the price of LUNA will increase.

Who Are the Founders of Anchor Protocol?

Anchor Protocol was founded in March 2021 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 has taken the DeFi space by storm, rising by 17,000% in 2021.

Before launching Terraform Labs, Mr. Kwon was CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. Moreover, 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. He also co-founded Fast Track Asia, a startup incubator that helps entrepreneurs build fully functional companies.

Terraform Labs is one of the biggest and most in-demand companies in the cryptocurrency space and has raised $150m from major crypto investors like Arrington XRP Capital, Pantera Capital, Galaxy Digital, and BlockTower Capital.

What Makes Anchor Protocol Unique?

Anchor stands out from countless other money market protocols like Aave and Compound thanks to its elegant user interface and simple-to-use functionality. The protocol’s core value proposition is connecting borrowers and lenders by offering the former a way to borrow in stablecoin without forfeiting their investments and the latter an attractive interest rate on stable assets.

Lenders connect their Terra Station wallet and deposit UST by paying a 1.60 UST transaction fee and earn the protocol’s 19.5% annual interest rate on a pro-rata basis for every block transaction (every eight seconds).

Borrowers bond their LUNA tokens and receive bLUNA (bonded LUNA) in return. They can borrow up to 60% of their deposited collateral in UST and pay an interest rate that is slightly higher than that paid to lenders. Bonded LUNA can be unbonded after 21 days. However, they also receive ANC tokens distributed by the protocol to incentivize its adoption.

The protocol uses revenue from the spread between borrowers’ and lenders’ interest rates to earn staking rewards on Terra, which are between 5% and 7% annually. The Anchor Yield Reserve is the protocol’s treasury that covers its expenses when rates have not reached a stable equilibrium. For instance, during the summer 2021 crypto market correction, Terraform Labs injected 70 million UST into Anchor’s Yield Reserve to ensure protocol stability.

Check out Astroport (ASTRO) — a decentralized exchange on Terra.

Check out Mirror (MIR) — a synthetic asset protocol on Terra.

Learn about what Crypto Lending is.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Anchor Protocol (ANC) Coins Are There in Circulation?

ANC is the protocol’s native governance token that can be staked to receive voting rights and influence Anchor's future. Its total supply is 1 billion, with a current circulating supply of 222 million. The ANC token is distributed as follows:

  • Borrower incentives (40%)
  • Investors (20%)
  • Team (10%)
  • Luna staking rewards (10%)
  • Community fund (10%)
  • ANC liquidity (5%)
  • Airdrops (5%)

Anchor does not offer any information about vesting schedules. The ANC token reached an all-time high of over $8 shortly after its launch, but has significantly lost in value since. However, if UST supply continues to expand, ANC could potentially revisit its trading range between $3 and $4.

How Is the Anchor Protocol Network Secured?

Anchor is built on the Terra blockchain, a layer-1 blockchain using a delegated proof-of-stake consensus mechanism based on Tendermint. LUNA token holders can either stake tokens themselves to secure the network or delegate their tokens to other validators.

Anchor has also been audited a total of three times by Cryptonics and Solidified and found to be secure. The protocol offers a Bug Bounty Program with rewards between $500 and $150,000.

The ANC token is available as a native CW-20 token on Terra and as an ERC-20 token on Ethereum.

Where Can You Buy Anchor Protocol (ANC)?

ANC is available on Binance, OKX, Mandala Exchange, KuCoin, and Gate.io.

If you want to learn more about how to start buying cryptocurrencies, you can read more on CoinMarketCap Alexandria.

ANC to USD Converter

ANC

Anchor Protocol

USD

United States Dollar

ANC Price Statistics

Anchor Protocol Price Today
Anchor Protocol Price$0.05544
Price Change24h-$0.001062
1.88%
24h Low / 24h High
$0.0546 /
$0.05831
Trading Volume24h$8,892,009.39
76.89%
Volume / Market Cap0.4577
Market Dominance0.00%
Market Rank#560
Total Value Locked (TVL)$1,649,844
Anchor Protocol Market Cap
Market Cap$19,425,689.04
1.88%
Fully Diluted Market Cap$55,441,481.67
1.88%
Anchor Protocol Price Yesterday
Yesterday's Low / High
$0.0546 /
$0.05831
Yesterday's Open / Close
$0.05768 /
$0.05485
Yesterday's Change

4.91%

Yesterday's Volume$9,396,564.31
Anchor Protocol Price History
7d Low / 7d High
$0.05012 /
$0.06319
30d Low / 30d High
$0.04546 /
$0.09228
90d Low / 90d High
$0.04546 /
$0.2113
52 Week Low / 52 Week High
$0.04546 /
$6.18
All Time High
Mar 19, 2021 (2 years ago)
$8.31
99.33%
All Time Low
Nov 09, 2022 (24 days ago)
$0.04546
21.96%
Anchor Protocol ROI
No Data
Anchor Protocol Supply
Circulating Supply350,381,852 ANC
Total Supply1,000,000,000 ANC
Max Supply1,000,000,000 ANC