Anchor Protocol

Anchor Protocol

Exchange Information

Blockchain icon Decentralized: Yes
Type icon Type: Lending Protocol
Utility coin icon Utility coin: Anchor Protocol (ANC)

Features

Affiliate program icon Affiliate program: No

Website

Online icon Online

Extra Links

API Information icon API Information unknown (Submit)

Social Media & News

What is Anchor Protocol?

“Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. We believe that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto.

The Anchor protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up Bonded Assets (bAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio. The diversified stream of staking rewards accruing to the global pool of collateral then gets converted to stablecoin, and then conferred to the lender in the form of a stable yield. “

Frequently Asked Questions

Anchor Protocol is based in: Worldwide (Decentralized).
Anchor Protocol is a decentralized lending protocol.
Anchor Protocol does not have a token at the moment.
Anchor Protocol is a decentralized exchange.
Anchor Protocol does not have an affiliate program at the moment.
Anchor Protocol does not have an API.
According to our current information the website of Anchor Protocol is online.
You can find the trading fees of Anchor Protocol on this URL: https://docs.anchorprotocol.com/ethanchor/fees.

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