Anchor (ANC) is a governance token for Anchor Protocol. Anchor is a savings protocol on the Terra blockchain that offers yield powered by block rewards of major Proof-of-Stake (PoS) blockchains
Anchor allows quick withdrawals and pays depositors a low-volatility interest rate. Anchor lends deposits to borrowers who put down liquid-staked PoS assets from major blockchains as collateral to produce yield (bAssets).
Note: Bitfinex Supports Terra-based ANC.
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