Charles from San Francisco

Registered at the crypto broker Kraken 36 minutes ago.

» Try Kraken too
Do not show again

Anchor Protocol (ANC) Review (5.5/10⭐)

Click to see screenshots
On March 17th 2021, Terraform Labs launched their novel project to the public – the Anchor De-Fi (Decentralized Finance) protocol. Anchor is an easily accessible Terra-based lending and savings platform. The project was well-received as the company raised close to $20 million from their their Initial Coin Offering on March 20th. So, what makes ANC quite promising to its holders. Keep reading to find out more about this stablecoin.

5.5 rating

Visitor Consensus on Anchor Protocol Today
Positive: 53.13%Negative: 46.87%
What's your view on Anchor Protocol today?
›› Buy/Sell Anchor Protocol here


Anchor Protocol offer UST depositors a 20% APY, which is among the highest in the world of stablecoins.


A Bit About Anchor Protocol

Anchor Protocol (ANC) is a decentralized money market based on the Terra chain, and it offers a 20% APY to UST depositors. The UST is Terra's stablecoin pegged 1:1 against the US dollar. ANC also provides its holders with governance rights and a portion of the protocol earnings. Notably, there is a maximum supply of 1,000,000,000 Anchor tokens that are distributed across a duration of four years. After this supply has been fully distributed, no more Anchor tokens will be reintroduced to the existing supply. As of now, around 150 million tokens have been released. Their initial distribution is as follows: Community fund – 66.7% of the ANC tokens (100 million) will be allocated to the Anchor community fund LUNA staking airdrop – 33.3% of the ANC tokens (50 million) to LUNA traders

A stable and attractive yield, powered by returns from several PoS blockchains.CryptoLists.com

Utility of Anchor Protocol?

ANC coins can be utilized as an incentive to bootstrap demand for borrowing and offer stability to the initial deposit rate. The ANC protocol distributes its tokens to stablecoin borrowers and is often proportional to the borrowed amount.

The Anchor Protocol is developed to capture a section of the yields it generates; thus, enabling the value of the stablecoin to linearly scale with their assets under management (AUM). ANC distributes its fees among its holders pro-rata on their stake, which benefits the token's holders as its adoption increases.

The other ANC tokens will be released in the span of four years. The release will increase the ANC's supply to 1,000,000,000 tokens. Its final distribution structure can be broken down as follows:

Investors – 20% of the tokens (200 million) will be reserved for Anchor's investors, with a lockup period of six months. Henceforth, a linear vesting schedule will be applied.
Team – 10% of the ANC tokens (100 million) will be reserved for the developing team behind ANC, with a vesting duration of four years. These tokens are set to be released at the end of every year.
LUNA staking airdrop – 5% of the ANC tokens (50 million) will be airdropped to LUNA traders on launch
Borrower incentives – 40% of the ANC tokens (400 million) will be released algorithmically for use as borrower incentives. The release takes place over four years, and if the distribution of borrower incentives fails to reach 400 million, the distribution will carry on until every token has been released.

Anchor Protocol Price details

TERRA Contract address: terra14z56l0fp2lsf86zy3hty2z47ezkhnthtr9yq76
›› Details & Tokenomics

Advantages of Anchor Protocol

+ It's pegged 1:1 to the USD, which minimizes the risk of inflation.
+ There is a decent growth potential.
+ ANC is backed by a powerful crypto community.
+ With ANC, you can withdraw your funds any time you wish to.


- The ANC crypto does not solve a real-world problem.
- There is a significant risk of being hacked.
- Collapsing together with the entire Terra chain.


▪ Rated at 9/10
*Buy tax: 1%   *Sell tax: 1% * at the time of writing. Note that this may change from time to time.

These tokens generate a purchasing pressure directly related to ANC's AUM. The protocol's fees are then used to buy tokens from the TerraSwap platform. The fees are distributed in the form of staking rewards to ANC traders and investors. Protocol costs are sourced from excess yield, collateral liquidation costs, and bAsset rewards.

Excess yield – The deposit yields that exceed the target rate of deposit usually accumulate in the yield reserve, where some part of it is used to buy ANC tokens. The purchased tokens are further redistributed amongst the token's holders.

Collateral liquidation costs – Whenever you liquidate a loan, 1% of the collateral liquidation value is deposited into the yield reserve, where some of it is used to buy ANC tokens.

bAsset rewards – Some of the rewards obtained from bAsset collaterals are used to buy ANC tokens, while the rest is used to replenish your yield reserve.

Governance costs – Deposits of ANC tokens from the Anchor governance polls that didn't obtain the needed quorum are usually distributed to ANC traders as their staking rewards.

›› Trade Anchor Protocol here›› Buy/Sell Anchor Protocol here

Screenshots from Anchor Protocol

Click for larger image

More sites where to buy/sell/trade Anchor Protocol

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.

Anchor Protocol details and tokenomics

Anchor Protocol Ticker: ANC
TERRA Contract address: terra14z56l0fp2lsf86zy3hty2z47ezkhnthtr9yq76
Type of crypto: terra-token
Launch/ICO Date: March 17, 2021
Circulating supply: 261,269,455
Max supply: 1,000,000,000
Resources & Social media
🔗Blockchain URL: https://finder.terra.money

Other tokens or coins to check out

Since you are interested in Anchor Protocol, you may also want to check out the coin(s) or token(s) below?
Anchor Protocol Newsflash
    Binance to phase out BUSD by February 2024Binance to phase out BUSD by February 2024
    Monday, 4 Sep 2023 6:42 am
    Have you heard about Binance phasing out their stablecoin BUSD? That's right. The world's biggest crypto exchange is taking the bold move following Paxos’ halt in minting new BUSD tokens. This phase-out should be completed by February 2024, and it's unclear as of today whether the company plans to introduce an alternative. However, you can rest assured that holders can switch their BUSD futures balances to other supported assets via the Futures Asset Conversion feature. Want to check out the Binance exchange? We don't blame you. There are tons of pairings and it's one of the biggest crypto sites in the...
    Read the full newsflash

    Mancala added to 21 Bit's providers with free spin promotionMancala added to 21 Bit's providers with free spin promotion
    Thursday, 18 May 2023 9:58 am
    The top crypto casinos 21 Bit has added Mancala Gaming to their list of software providers. To mark the occasion, they're offering 190 free spins across two different promotions covering a separate Mancala title each. 80 free spins on 'Seance: Mysterious Attic' and 110 on a mystery slot. You can use the code MAN80 and MAN110 respectively. A fairly new provider in the grand scheme of things, Mancala having launched in 2019 are yet to win any industry awards yet are fast becoming one of the most sought-after studios by new casinos and players alike. Sign up to 21 Bit now and try see if you can win some dosh on Mancala's slots...
    Read the full newsflash

    Are you ready for Mancala's sweet Fruityliner 40 slot game?Are you ready for Mancala's sweet Fruityliner 40 slot game?
    Saturday, 18 Feb 2023 7:11 am
    Does that smell like the sweet scent of a succesful slot session? If so, it can only be the latest game from Mancala Gaming - Fruityliner 40! With easy game mechanics and stacked symbols with ways to increase win possibilities, you'd be hard pressed (like a freshly squeezed orange) to find a better new title. The cherry on top is glistening visuals as the fruit spins on the wheels. Enticing, for sure. With a 4x5 grid, wilds and scatters, and 40 paylines plus a whole lot more there's a ton of fun to be had on this reimagining of the classic fruit slot. If that's tickled your taste buds, then head over to Mystake Casino and give it a whirl!

    Hottest Slot in Jan, 2023: Candy Clash from Mancala GamingHottest Slot in Jan, 2023: Candy Clash from Mancala Gaming
    Sunday, 5 Feb 2023 2:39 pm
    Ice Casino (independent review) is one of the first crypto casino sites that offers one of Mancala Gaming's latest slots - Candy Clash. For everyone that loves to play slots with a candy theme and high RTP, this might be the perfect game. Crypto Lists finds that Candy Clash the best new slot for January 2023 thanks to amazing graphics, unique bonus rounds, and high RTP. Ice Casino is the top site to sign up on if playing with crypto or real money, since they are one of the first to release it and they have a fantastic welcome bonus and web design. The max winnings is 973 times the bet size. Candy Clash is a 7 reels game built...
    Read the full newsflash

    Binance successfully registers with Swedish regulatorBinance successfully registers with Swedish regulator
    Wednesday, 11 Jan 2023 2:41 pm
    Swedish crypto fans can rejoice as they now have another regulated exchange to choose from: the mighty Binance. This news follows on from other successful registrations in The registration in Sweden follows those in France, Italy, Lithuania, Spain, Cyprus and Poland. With the Swedish approval being the seventh in the EU. Want to open a free account? Sign up for Binance now and use a regulated exchange for crypto buying, selling, and trading!

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
* indicates required
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top