Company Information

Get to know Anchor Protocol

Anchor Protocol was a decentralized finance (DeFi) application developed by Terraform Labs and launched in March 2021 on the Terra blockchain. Its primary mission was to offer a stable, high-yield savings solution for cryptocurrency holders. The protocol accepted deposits of the TerraUSD (UST) stablecoin, offering a benchmark interest rate of around 20% APY. This yield was generated by lending out the deposited UST to borrowers who provided bonded crypto assets (like LUNA) as collateral. Anchor became extremely popular, attracting over $17 billion in deposits at its peak. However, the entire system catastrophically failed in May 2022 when the UST stablecoin de-pegged from the US dollar, leading to a "death spiral" that erased nearly all value from the protocol and the wider Terra ecosystem.

Industry

Crypto Liquidity ProviderPRIMARY
Crypto Cryptocurrency
Financial Investment

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Anchor Protocol

South Korea

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.