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ANC Price
$0.09320
+3.36%
24H Price Chart
Market Cap
$32.66M
24H Volume
$11.82M
Circ Supply
350.38M

Source: ANCUSD Chart by TradingView

ANC Market Stats
  • Price $0.09320
  • 1H Change -0.05%
  • 24H Change +3.36%
  • 7 Day Change -5.54%
  • 30 Day Change +5.8%
  • All-Time High $0.20743
  • % From ATH -55%
  • ATH Date Sep 10, 2022
ANC Explorer

Anchor Protocol Background

The Anchor Token (ANC) is Anchor Protocol’s governance token. ANC tokens can be deposited to create new governance polls, which can be voted on by users that have staked ANC.

ANC is designed to capture a portion of Anchor’s yield, allowing its value to scale linearly with Anchor’s assets under management (AUM). Anchor distributes protocol fees to ANC stakers pro-rata to their stake, benefitting stakers as adoption of Anchor increases — stakers of ANC are incentivized to propose, discuss, and vote for proposals that further merit the protocol.

ANC is also used as incentives to bootstrap borrow demand and initial deposit rate stability. The protocol distributes ANC tokens every block to stablecoin borrowers, proportional to the amount borrowed.

Anchor Protocol Technical Info
Blockchain

Anchor Protocol News

All images, branding and wording is copyright of Anchor Protocol. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.