What is the current price of Anchor Protocol (ANC)?

The current price of Anchor Protocol (ANC) is undefined AUD, representing a +0.00 from the day prior.

Can I buy Anchor Protocol (ANC) on Coinstash?

Yes - you can easily buy and sell Anchor Protocol (ANC) on Coinstash. Simply login or sign up, to start buying Anchor Protocol (ANC) in minutes.

Where is the best place to buy Anchor Protocol (ANC) in Australia?

The best place to buy Anchor Protocol (ANC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Anchor Protocol (ANC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Anchor Protocol (ANC)?

The trading volume of Anchor Protocol (ANC) is 0 AUD in the last 24hrs, representing a +0.00 from the day prior.

How can I buy Anchor Protocol (ANC)?

Anchor Protocol (ANC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Anchor Protocol (ANC)?

The current market cap of Anchor Protocol (ANC) is 0 AUD.

Can I convert Anchor Protocol (ANC) to cash?

Yes - With Coinstash you can convert your Anchor Protocol (ANC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Anchor Protocol (ANC) are there?

The current circulating supply of Anchor Protocol (ANC) is 0.

Is Coinstash a safe place to buy Anchor Protocol (ANC) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Anchor Protocol (ANC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Anchor Protocol (ANC)

What is Anchor Protocol?

Anchor Protocol is a decentralised savings platform based on the Terra blockchain that offers stable, high-yield returns on deposits of Terra stablecoins. It provides stablecoin holders the opportunity to earn interest by acting as a bridge between lenders and borrowers in the crypto ecosystem.

How does Anchor Protocol work?

Anchor Protocol functions by using a combination of smart contracts on the Terra blockchain and a system of bonded assets (bAssets), which are liquid tokens convertible to staked assets. The protocol employs automated algorithms to manage interest rates based on the demand for borrowing and the supply of deposits. It aims to deliver stable, attractive yields by utilising a diversified stream of staking rewards from the PoS blockchains.

What are the potential use cases for Anchor Protocol?

Anchor Protocol's use cases include decentralised lending and borrowing, stablecoin-based savings offering high interest rates, governance participation through its ANC token, and collateralised lending using bonded assets. It also facilitates interactions within the Terra ecosystem and partnerships with other DeFi platforms, broadening its application scope.

What is the history of Anchor Protocol?

Anchor Protocol was launched on 17 March 2021 by Terraform Labs, founded by Do Kwon and Daniel Shin. It was designed to complement the Terra ecosystem by providing a mechanism for stable, high-yield savings on Terra stablecoins. Despite reaching a peak in total value locked (TVL), the protocol faced challenges following the collapse of the algorithmic stablecoin TerraUSD (UST) and LUNA in May 2022, leading to significant disruptions and a subsequent chain fork into Terra Classic and a new Terra chain without the former algorithmic stablecoin structure.