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| Anchor Protocol 
| #ANC
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| ANC Price: | $0.011 | | Volume: | $2.0 M | | All Time High: | $8.37 | | Market Cap: | $3.8 M |
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| Circulating Supply: | 350,384,533 |
| Exchanges: | 9
| | Total Supply: | 1,000,000,000 |
| Markets: | 10
| | Max Supply: | 1,000,000,000 |
| Pairs: | 2
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The price of #ANC today is $0.011 USD.
The lowest ANC price for this period was $0, the highest was $0.011, and the exact current price of one ANC crypto coin is $0.01097.
The all-time high ANC coin price was $8.37.
Use our custom price calculator to see the hypothetical price of ANC with market cap of BTC or other crypto coins. |
The code for Anchor Protocol crypto currency is #ANC.
Anchor Protocol is 2.2 years old. |
The current market capitalization for Anchor Protocol is $3,845,015.
Anchor Protocol is ranked #662 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #ANC.
Today's 24-hour trading volume across all exchanges for Anchor Protocol is $2,029,181. |
| The circulating supply of ANC is 350,384,533 coins, which is 35% of the maximum coin supply. |
ANC has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 9 crypto exchanges.
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| Note that there are multiple coins that share the code #ANC, and you can view them on our ANC disambiguation page. |
 | Why Terra's Anchor Protocol Changed Earn Rate To 18% APY
Anchor Protocol, one of the most popular platforms in the Terra ecosystem, rolled out a change in its Earn Rate. As a result, users started earning an 18% APY as of yesterday, May 1. The earn rate will be modified each month for the foreseeable future.
The team behind this Terra project said the following via their official Twitter account:
The Anchor Earn rate adjusts dynamically by up to 1.5% each month based on if the yield reserve appreciated or depreciated. The floor is 15% APY & the ceiling is 20% APY.
The changes in Anchor’s earn rate are triggered by the protocol’s yield reserve. A .25% modification in this element will be followed by an adjustment in the Earn Rate.
This shift in the Terra protocol was approved, via Proposition 20, on March 24 this year. At the time, Anchor Protocol said:
The addition of a semi-dynamic Earn rate will contribute to the long-term sustainability of Anchor & will benefit users of the protocol by enabling yield reserve growth while continuing to provide an attractive yield on UST.
As seen below, the total borrowed versus total deposits on Anchor shows significant divergence. This is why the yield reserves on the protocol trend to the downside, especially in times of bearish price action on larger cryptocurrencies.
Source: Anchor Protocol
Some of the users believe that this trend could trigger a deppeging event for UST which could jeopardize the entire Terra ecosystem. The introduction of a semi-dynamic rate is the first step t...
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