Exchange Anchor Protocol
If you're looking to swap Anchor Protocol, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Anchor Protocol or some fresh information about anc’s price movements. And, of course, we provide you with the multiple Anchor Protocol exchange options so that you can choose the offer with the best rates and lowest Anchor Protocol fees, as well as other parameters that suit you.
Anchor Protocol Price Stats
Anchor Protocol Price Chart
Here you can see the current price of Anchor Protocol, as well as Anchor Protocol price history.
What is Anchor Protocol?
Anchor Protocol is a permissionless and decentralized money market. The official Whitepaper defines it as a savings protocol that accepts Terra deposits and also allows instant withdrawals. The project is created on the Terra blockchain and offers Terra USD to the depositors for a standard 20% annual yield. As Anchor is based on the Proof-of-Stake concept, to validate the blocks users have to stake crypto.
Depositors on Anchor benefit from a low-volatility interest rate. To generate the revenue Anchor lends the deposits to the borrowers who use liquid-stake PoS assets from other blockchains as collateral. To stabilize the deposit interest rate the protocol passes variable fractions of the asset yield to the depositors.
The Anchor Protocol utilizes bonded assets (bAsset) which are also tokenized stakes on the PoS blockchain. bAssets symbolize the ownership of staked assets, that provides block rewards to the holders while retaining liquidity and fungibility. The acceptance of those assets as collateral makes Anchor protocol a strong and unique product.
The project offers a Terra money market and loan liquidation that allows to borrow and deposit Terra USD (UST). It is based on the pool of Terra deposits generating interest loans. Moreover, the protocol offers an Anchor liquidation pool for the users that are not interested in borrowing or depositing. It’s a riskier but also a higher rewarded product that liquidates the debt holding on Anchor. Developers creating liquidation contracts receive an income from passive premium users and also liquidation fees.
The goal of the project is to set a stable “anchor” in one’s finances. If successful it might boost the massive adoption of DeFi. Anchor Protocol is built by Terraform labs to express their vision of the integration of payments with UST, savings with Anchor, and investing via Mirror protocol.
The Anchor token (ANC) is a governance asset for the project. Its holders are able to decide how the community pool is to be spent, which parameters should be changed and which collateral will be included on the supply side.
A Simple Way To Exchange Anchor Protocol Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: firstname.lastname@example.org.