ANC token is now listed on Liquid and available for all users!
What is ANC Token?
Anchor Protocol is a lending and borrowing protocol offering up to 19.5% yield on stablecoin deposits. 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 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. The ANC token is available as a native CW-20 token on Terra and as an ERC-20 token on Ethereum.
What is Anchor Protocol?
Anchor Protocol, a lending and borrowing protocol for stablecoins, 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. Lenders can deposit their UST and earn interest 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 stands out from countless other money market protocols because of 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.
ANC Listing Details
Listing Date: April 14th, 2022 at 3 PM (JST).
Listing pair: ANC/USDT
From 14th of April, 2022 – 28th of April, 2022 we offer 0 fees for trading ANC pairs on Liquid.