Protocol Anchor Anchor is a stablecoin-based passive income product that pays investors a fixed DeFi interest rate determined by the yield of the most popular Proof-of-Stake blockchain. The developers hope that Anchor will become the gold standard for passive income on the blockchain, thanks to its guaranteed preservation and highly probable increase in initial value. In addition to offering low volatility returns, Anchor is an attempt to provide investors with a single, reliable rate of return across all blockchains.
ANC – tokens on the terra blockchain. Its functionality consists of two directions: providing management rights to holders and participating in linear scalability of value through profitability taking. Read more in a new article from the editors of cryptomais.com.
From January 26, 2022 at 03:00 to February 25, 2022 at 02:59 (Brasília time), the launch of ANC tokens took place on Launchpool and Binance. Stackers in the BNB, BUSD and LUNA pools were able to receive bonus tokens.
Buy a token ANC for Binance
Real-time currency price/quote
general information
| Designation | Protocol Anchor |
|---|---|
| Clock | ANC |
| Release year | 2021 |
| Blockchain | Terreno, Ethereum |
| Reviewers | |
| Price on 01/25/22 | 1,65$ |
| Market capitalization on 01/25/22 | 351 553 236 $ |
| Maximum emission | 1.000.000.000 ANC |
| Current edition as of 01/25/22 | 213 564 786 ANC |
| Official website | https://anchorprotocol.com/ |
| Documentation | https://docs.anchorprotocol.com/ |
| Blog | https://medium.com/anchor-protocol |
| Source | https://github.com/Anchor-Protocol |
| Social media | |
| Distribution on Binance Launchpool | From 01/26/2022 03:00 to 02/25/2022 2:59 (Brasília time) |
| Will be distributed on Binance Launchpool | 2.000.000 ANC |
| Exchanges | Binance, OK, KuCoin, Gate.io, Bitfinex |
Project Overview and Features
The Anchor deposit protocol is focused on offering low-volatility returns on stablecoins on the Terra blockchain. Staking in Anchor Protocol is based on diversifying the flow of staking rewards across major Proof-of-Stake blockchains. Therefore, you can expect them to be much more stable than typical financial market rates.
The peculiarity of Anchor's work is that the protocol defines monetary interaction between the following parties:
- A lender who wants to earn passive income from their stablecoins.
- A borrower who wants to take out a loan in stablecoins secured by their crypto assets.
The borrower locks up pegged assets (bAssets) as collateral and receives stablecoins (aTerra) below a certain LTV ratio threshold. The distributed stream of staking rewards that go to the global pool are converted into stablecoins and provide returns to the lender.
The Anchor Protocol is structured to provide three main objectives: stable and high returns on deposits, instant transfer of funds into stablecoins through pooled lending, and principal protection through liquidation of undercollateralized loans.
How the protocol works
The Anchor Protocol is a fully decentralized fixed income instrument. Main aspects of its operation:
- The APY rate that the protocol seeks to pay contributors is set by ANC token holders. They vote on the rate they consider fair.
- Behind the scenes, the project is essentially a classic market, but with the difference that collateral is reserved for liquid derivatives for Staking on the underlying PoS protocols, so that rewards are based on real assets.
- The actual profitability depends on the actual profitability of the PoS. If the actual return is higher than the rate, the excess return is stored in reserve. If on the contrary, the profit is re-brokered.
Anchor Protocol can be divided into the following components: Bonded Assets (bAssets) – tokenized representations of bonded PoS assets; money market – connects lenders and borrowers; settlement agreement – controls the settlement of under-collateralized credit positions; ANC Token and decentralized management with its help.
ANC Token and its Farm
Anchor Token (ANC) is a protocol governance token. These assets can be deposited to create new polls about changes to the project or to vote on these issues.
In other words, the ANC allows you to earn a share of the protocol's profitability, so your fee will depend on how much the protocol develops and scales. Protocol fees are distributed among participants in proportion to their share of retention, providing incentives to vote and debate proposals.
From January 26, 2022, at 3:00 AM PT to February 25, 2022, at 2:59 AM PT, ANC token farming will take place on Binance Launchpool. To participate, you need to invest in one of the following pools (in parentheses it is indicated how many ANC will be distributed in a given pool):
- BNB: 1,400,000 ANC (70% of the total token supply allocated to Launchpool)
- TAXA: 400 000 ANC (20%)
- BUSD: 200.000 ANC (10%)
A verified account is required to participate in the event.
Presenting the 29th project in #Binance Launch pool, @anchor_protocol $ANC! Stake #BNB, $MAN and #BUSD in separate groups to start growing $ANC.
https://t.co/rPhD7fktG9 pic.twitter.com/f5bVJdHaiq
– Binance (@binance) January 25, 2022
Where to buy and store ANC
You can also obtain ANC tokens by purchasing them from one of the following cryptocurrency exchange:
For storage, you can use custodial accounts of cryptocurrency exchanges or wallets that support the Terrain blockchain, such as Mathwallet.
Conclusion
Anchor Protocol offers a fundamentally new approach to securing profitability in a decentralized protocol – based on real Proof-of-Stake blockchain rewards. This provides unprecedented reliability and stability of earnings, although of course it does not completely eliminate all risks. However, fluctuations in profitability become noticeably lower. The protocol has passed audits by Cryptonics and Solidified, which confirmed the absence of critical vulnerabilities. Holders of Ethereum-based stablecoins are also not left out of this celebration of life and can use the EthAnchor gateway to participate in the protocol.