About Anchorprotocol.com
Anchorprotocol.com is a decentralized cash marketplace and financial savings protocol constructed on pinnacle of the Terra blockchain. It fulfills the trifecta of Terraform Lab’s imaginative and prescient for enforcing the three monetary primitives of finance (financial savings, payments, and investing) at the Terra network.
Anchorprotocol.com is airdropping a complete of 50,000,000 ANC to early LUNA stakers. The photo turned into taken on January fifteenth at 00:02:02 UTC at a block top of 2179600. Visit the airdrop web page and join your Terra pockets to assert your rewards at a ratio of 1 LUNA : 0.sixteen ANC. An extra pool of 100M ANC might be allotted each week to LUNA stakers for the following years.
| Platform | Total Value | KYC | Website |
|---|---|---|---|
| TERRA | 150,000,000 ANC | KYC for users is NOT a requirement | Click Here To Visit |
Fees
Anchorprotocol.com is built using various blockchain infrastructure, which charges fees on their usage. Using EthAnchor incurs fees that are calculated based on the deposit / redeem amount. Fees listed at this section are applied independent of gas spent on Ethereum transactions.
| Operation | # of Shuttle Fee | # of Terra Tax |
deposit_stable | Once | Once |
redeem_stable | Once | Twice |
Anchor Bug Bounty Program
Security is core to our values, and they value the input of hackers acting in good faith to help us maintain the highest standard for the security and safety of the Anchor ecosystem. Anchor Protocol, while it has gone through professional audits and formal verification, depends on new technology that may contain undiscovered vulnerabilities.
Anchorprotocol.com encourages the community to audit our contracts and security; they also encourage the responsible disclosure of any issues. This program is intended to recognize the value of working with the community of independent security researchers, and sets out our definition of good faith in the context of finding and reporting vulnerabilities, as well as what you can expect from us in return.
Rewards
Anchorprotocol.com offers substantial rewards for discoveries that can prevent the loss of assets, the freezing of assets, or harm to a user, commensurate with the severity and exploitability of the vulnerability. Anchor will pay a reward of $500 to $150,000 for eligible discoveries according to the terms and conditions provided below.
Anchor Token (ANC)
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 Governance
Governance over Anchorprotocol.com is managed by stakers of Anchor Tokens (ANC). ANC acts as Anchor Protocol’s governance token, used to vote on polls. Voting power is given proportional to the vote’s amount of staked ANC. Voters are able to allocate a specific amount of voting power in staked ANC, capped by their total amount of ANC staked. Voters with a higher ANC stake are therefore given a greater degree of influence in deciding whether to apply the changes listed in a governance poll.
Development and maturization of Anchor Protocol is driven by the Anchor community through democratic governance. Anchor does not contain any admin keys with privileged access. Anchor governance is configured to be the sole authority allowed to apply protocol changes or upgrades.