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Get to know Anchor

Anchor Protocol was a decentralized finance (DeFi) savings protocol launched in March 2021 on the Terra blockchain. Developed by South Korea-based Terraform Labs, its primary mission was to offer a stable, high-yield interest rate on stablecoin deposits, famously targeting around 20% APY on the TerraUSD (UST) stablecoin. It functioned as a decentralized money market where users could lend stablecoins to earn yield or borrow them by providing bonded crypto assets as collateral. Anchor became the cornerstone of the Terra ecosystem, attracting tens ofbillions of dollars in deposits. However, the protocol catastrophically collapsed in May 2022 when the UST stablecoin lost its peg to the US dollar, leading to a death spiral with Terra's LUNA token and wiping out billions in value, triggering a wider crypto market crisis.

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Crypto Liquidity ProviderPRIMARY
Crypto Broker
Crypto Cryptocurrency

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Anchor

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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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.