Anchor Protocol (ANC) Live Price

What Is Anchor Protocol (ANC)?

Anchor Protocol is a saving protocol that provides a highly stable interest rate to a number of investors, fintech organizations, and crypto natives. It is developed on Terra blockchain and accepts Terra deposits.

It offers its users a lending or borrowing financial system and a high yield on stablecoin deposits and quick withdrawals. The best part about this DeFi protocol is that it offers a great 19.5% yield on deposits of stablecoins.    

Founders of Anchor Protocol?

Do Kwon and Daniel Shin are the founders of Terraform labs, a South Korean-based Fintech company, and they launched Anchor Protocol on March 2021.

Terraform Labs is a popular fintech company in the world of crypto and successfully raised $150 million from giant crypto investors such as Galaxy Digital and Pantera Capital. 

What Makes Anchor Protocol Unique?

Many money market protocols are effectively taken their place in the last few years. Money market protocols such as Aave and Compound are some giants, but still, people are more inclined towards Anchor Protocol.

The Anchor Protocol enables its users with an easy-to-use and great user interface and comes with great options and high-end functions.

People are more inclined towards Anchor Protocol because it provides a proficient connection between the lenders and the burrowers.

They can borrow in the form of stablecoins without fearing the security of their investments. One of the best things about Anchor Protocol is its offered rewards ranging from $500 to a massive $150,000.

You are well aware of the downfall of Luna. Many things happened in the market during times when Luna crashed. But who would have thought that the most stablecoin, Luna, would be crashed to a massive 99%. The Luna-Terra crash shocked the market, and many people started dumping these coins.

How is the Anchor Protocol Network Secured?

In the past, there were many problems and limitations with the proof of work which used to disrupt the overall investment experience. 

But when we talk about Anchor Protocol, it is developed on Terra blockchain and uses dPOS, a delegated proof-of-stake mechanism, and there is no need to mine in this layer-1 blockchain.

 The dPOS mechanism allows the participants or investors the opportunity to stake coins and, in each round, the validation rights on the number of coins the participant stakes.

The network of Anchor Protocol is highly secured, and when it runs dPOS, it generally works faster and provides quick transactions.

Where Can You Buy Anchor Protocol (ANC)?

Some terra blockchain platforms are available online, so you can easily buy Anchor Protocol. Some of the most famous platforms to get Anchor Protocol are Binance and Mandala Exchange; these are the biggest platforms to buy ANC quickly.

 But there are other Terra blockchain, tokens, and ANC buying options such as OKX, Gate, and KuCoin. Many investors also leverage these platforms in order to buy Anchor Protocol.