What is anchor protocol (ANC)?

CoinMarketCap takes a deep dive into Anchor Protocol (ANC), a platform on Terra blockchain that offers low-volatile yields to users who deposit UST — Terra stablecoins. How Does Anchor Protocol (ANC) Work? Anchor Protocol (ANC) is a lending and borrowing protocol on the Terra blockchain and the 29th project on Binance Launchpool.

What is the price of anchor protocol?

The price of Anchor Protocol (ANC) is $0.01966666 today with a 24-hour trading volume of $952,311. This represents a -2.08% price decline in the last 24 hours and a -12.64% price decline in the past 7 days. With a circulating supply of 350 Million ANC, Anchor Protocol is valued at a market cap of $6,882,486 . Where can you buy Anchor Protocol?

What is the “borrow” element of the anchor protocol?

The “Borrow” element of the Anchor Protocol potentially offers large rewards for users. At a nominal rate, users can borrow stablecoins (UST), against their collateral (LUNA/ETH). When you want to withdraw your funds, you will need to hit the “Repay” button. This allows you to withdraw the collateral that you have provided.

Is the ANC token on its way to $10?

This is also why many crypto experts believe that the ANC token may well be on its way to $10, however, it is the crypto volatility that makes it difficult to determine the exact time of when it will happen. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”).