Anchor Protocol is building the reference interest rate across the universe of blockchains.
- What is Anchor Protocol?
Anchor is a savings protocol offering low-volatile yields on Terra stablecoin deposits. The Anchor rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. The team believe that a stable, reliable source of yield in Anchor has the opportunity to become the reference interest rate in crypto.
- Who is the team behind Anchor Protocol?
The team launching Anchor Protocol is the team behind Terraform Labs, lead by Do Kwon.
- How was Anchor Protocol Launched?
Anchor Protocol raised 20 Million USD from notable VCs including arringtonXRPcap, Accomplices, hashed_official, GalaxyDigital, PanteraCapital, Delphi_Digital, naval, defialliance, dragonfly_cap, jumptrading, AlamedaResearch, IDEOVC and RockawayBlock.
Presale investors bought ANC tokens at $0.10 per token, 6 mth cliff + 12 mth vesting thereafter.
They also listed ANC on Terraswap, Station, and the Anchor web app against UST at $0.05 per token.