Anchor Protocol

Anchor ProtocolANC

Decentralized money market

About Anchor Protocol

Founded

2020

Address

South Korea

Ecosystem

Community

Anchor is a decentralized money market built on Terra that offers UST (Terra's USD-pegged stablecoin) depositors a stable annual percentage yield (APY) of 20%. Borrowers can use bonded LUNA (bLUNA), Terra's native token, to collateralize UST loans. The protocol earns a return for the depositors by staking the LUNA collateral provided by the borrowers. ANC is Anchor's inflationary protocol token, granting holders governance rights as well as a portion of the protocol's earnings.

Investors

DragonflyDragonfly
Pantera CapitalPantera Capital
GalaxyGalaxy
HashedHashed
Alliance DAOAlliance DAO
Arrington CapitalArrington Capital
Alameda ResearchAlameda Research
A
Accomplices

Fundrasing details

Funding RoundAmountValuation
Date
Investors
Private
$20.00M
$100.00M
2021-03-15
DragonflyDragonfly
Pantera CapitalPantera Capital
+ 6