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What Is Anchor Protocol (ANC)?
By offering a high-yield, low-volatility option, Anchor Protocol appeals to investors seeking stable returns. This mechanism also drives demand for UST, supporting its adoption as a stablecoin within the broader Terra ecosystem. As Terra's decentralized finance (DeFi) ecosystem grows, Anchor Protocol plays a key role in its expansion.
The protocol was developed by the founders of Terra, further integrating it into the network's financial infrastructure.
Who Are the Founders of Anchor Protocol?
What Makes Anchor Protocol Unique?
How Many Anchor Protocol (ANC) Coins Are There in Circulation?
How Is the Anchor Protocol Network Secured?
Where Can You Buy Anchor Protocol (ANC)?
Borrowers bond their LUNA tokens and receive [bLUNA](https://coinmarketcap.com/currencies/bonded-luna/) (bonded LUNA) in return. They can borrow up to 60% of their deposited collateral in UST and pay an interest rate that is slightly higher than that paid to lenders. Bonded LUNA can be unbonded after 21 days. However, they also receive ANC tokens distributed by the protocol to incentivize its adoption.
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Anchor Protocol Price Live Data
Anchor Protocol (ANC) is a developing project showing potential in its niche within the blockchain space. The current market valuation places Anchor Protocol at $0.01 per token, reflecting a 0.78% slight decline in value during the past 24-hour trading period. This price movement indicates slightly negative market activity within the ANC ecosystem. Investor engagement with Anchor Protocol remains lower, with $75,318.97 in trading volume recorded across various trading platforms over the last 24 hours. This level of liquidity highlights ANC's declining interest and utility within the broader cryptocurrency landscape For comprehensive details regarding Anchor Protocol's development roadmap, technical specifications, and community initiatives, interested parties are encouraged to visit the project's official resource hub at https://app.anchorprotocol.com.
