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What is Anchor Protocol all about
Anchor is a savings protocol built on the Terra blockchain. It offers a stable and attractive yield, powered by staking rewards from many Proof-of-Stake blockchains. The protocol is open and permissionless, meaning that apps may be freely connected to it.
There are five types of users on the Anchor Protocol network. The first one being lenders. These participants lend their Terra stablecoins into the Anchor money market. This pool of stablecoins may then be accessed by the borrowers. The deposited stablecoins gain interest, which is then distributed accordingly to the lenders. In conclusion, a pool of deposits generates loan interest, which defines the money market. To borrow from the pool, users leverage their digital assets as collateral. The interest rate is algorithmically determined based on asset supply and borrowing demand.
The job of liquidators is to look for and monitor loans with a loan-to-value ratio set above the maximum. If it's necessary, they may request for loan collateral to be liquidated. This is done by purchasing liquidated collateral in exchange for the liquidator's UST assets.
Anchor Liquidity Providers are users who provide liquidity to the Terraswap pair of ANC-UST. Since ANC tokens are distributed as borrower incentives, the exchange liquidity of ANC is very important.
Oracle Feeders are participants responsible for providing an accurate price feed for bonded asset collaterals. This data is then used for calculating the borrower's collateral value and as a reference price for liquidators.
The Anchor Token (ANC) is the governance token of the network. It is designed to capture a portion of Anchor's yield, which allows its value to scale linearly with Anchor's assets under management (AUM). Participants may opt to stake their ANC tokens and are incentivized to do so through staking rewards. ANC stakers can also make and vote for proposals which will benefit the protocol further. Whenever a proposal fails to pass, the ANC tokens that were used to vote on it, are redistributed as staking rewards. The ANC tokens have a fixed maximum supply of 1 billion.
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ANC Questions & Answers
Is Anchor Protocol expected to increase in value 3 months from now?
In accordance with our price prediction algorithm we expect that Anchor Protocol's cost is likely going to be between €0 and €0.30 90 days from now.
Do online users engage in Anchor Protocol discussions?
0 people engaged in an online discussion on Reddit about Anchor Protocol in the last 48 hours. Anchor Protocol's official Twitter profile is currently followed by 272557 users.
What is the price of Anchor Protocol right now?
Price of Anchor Protocol today is at 0.11 Euro.
What will the Anchor Protocol price be 30 days from now?
In accordance with our prediction algorithm, we suspect that Anchor Protocol's cost will reach between €0 and €0.30 in 1 month.
What is the price of Anchor Protocol going to be in six months?
There is no easy way to make an accurate long-term prediction, however using our short term prediction we estimate that Anchor Protocol's value will be anywhere between €0 and €0.30 six months from now.
How much did Anchor Protocol cost at its highest?
The price of Anchor Protocol peaked on 2021-03-19, at 6.90 EUR.
10 days Anchor Protocol price forecast
Long term Anchor Protocol price prediction