Anchor Community Update — April 2021
Dear Anchor Community,
This is the first edition of the Anchor Community Update, following the highly-anticipated launch of Anchor Protocol in March 2021. To look back on the highlights of the Anchor launch, see Terra’s March 2021 Community Update. We’re thrilled to announce some key milestones, as well as keep our community informed of the progress of Anchor Protocol. Thanks to incredible community support, Anchor Protocol has reached nearly $1 billion in TVL within 6 weeks of launch! We’re constantly listening to feedback from the community and are implementing key features with user feedback in mind.
Below, the FAQ covers recurring questions from community members. Key highlights from April are also covered. Enjoy!
Frequently Asked Questions
📢 Announcement Channel
🗣 Anchor Community Channel
📈 Anchor Price Discussion Group
💭 Anchor Forum
Where can I buy $ANC tokens?
$ANC tokens are listed on Terraswap, Terra Station Desktop, Terra Station Mobile and the Anchor web app. ANC is also listed on Kucoin and OKex!
What is the total and initial circulating supply of $ANC tokens?
Total supply of ANC tokens is 1 billion. Circulating supply on launch would be 50M from LUNA staking airdrops. ANC in community funds will be locked.
Supply changes dynamically as per distribution schedule here: https://docs.anchorprotocol.com/protocol/anchor-token-anc#anchor-token-supply.
What was the pre-sale price for Anchor?
Presale investors bought $ANC tokens at $0.10 per token, 6 mth cliff + 12 month vesting.
How do I acquire $UST?
UST can be bought on centralized exchanges like Kucoin and Bittrex. You can then transfer them to your Terra Station wallet (there is no memo required for deposits on Station wallet)
Wrapped UST can be bought on a lot of Ethereum DEXs like Uniswap, Curve, Balancer etc. or BSC protocols like Pancakeswap and StableXswap. You can send them to Terra Station wallet through bridge.terra.money.
What is the best source to learn about Anchor and $ANC?
Docs: https://docs.anchorprotocol.com
Report by Arrington XRP Capital: http://arringtonxrpcapital.com/2021/03/17/resurrecting-the-saver-walking-tall-with-anchor/
Report by Delphi Digital: https://www.delphidigital.io/reports/anchoring-the-market-to-a-new-reference-rate/
Pantera blogpost: https://www.veradiverdict.com/p/20-apy-savings-account
Is there a guide for Anchor Webapp I can use?
Anchor webapp: https://docs.anchorprotocol.com/user-guide/webapp
Is there a tutorial for yield farming on Anchor?
Blog: https://medium.com/chorus-one/opportunity-of-the-month-anchor-protocol-yield-farming-using-liquid-staking-derivatives-98134be9fe62
Video tutorial: https://youtu.be/SdFIldrlqs8
How do I stake my LUNA?
Terra Station staking guide: https://terra.money/static/Terra_Station_Guide_Eng.pdf
Anchor Updates
- Feedback from the community is being incorporated to improve Anchor features. Several changes include: a liquidation price for borrowers of UST using bLUNA, an “Interest Earned” display for UST depositors on the “Earn” tab, and a cap of 20% APY on deposits.
- Anchor has accumulated over $970 million in TVL within 5 weeks of launch — with more than 11% of the total LUNA staked on Terra now in the form of bLUNA.
- Anchor gas fees halve: from 0.5 $UST → 0.25 $UST.
- Nexus Mutual supports aUST.
- Oxis, non-custodial wallet, integrates Anchor.
- Low-risk 20% Anchor savings on $UST now available on Solidefi.
- Tiiik builds on top of Anchor to provide 20% savings for mainstream users.
- Harpoon Protocol’s proposal for Anchor liquidations passes quorum.
- Angel Protocol leverages Anchor’s 20% earn functionality to enable perpetual charity endowments.
- Notable Tweets: alpha to leverage Anchor’s superior APR, Anchor — a safe haven, Bison Trails on ANC rewards, rebuttal to negative rates for savings accounts, Anchor APY > “high yield” bank APYs, Anchor alpha w/Cami Russo, Anchor to disrupt project fundraising,
- DeFi Llama lists Anchor Protocol.
- Pantera Capital explains how Anchor achieves 20% APY.
- The DeFiant dives into all things Anchor.
- Easy Anchor Protocol tutorial.
- Link to Anchor communities here.
