In this article, we are going to focus on the ANC tokens that are claimed from Anchor’s protocol and how far Anchor stakeholder’s sell their ANC rewards?
Let me begin with a short and simple explanation of what the Anchor Protocol is about.The Anchor Protocol provides 20% yields for its users on the Terra blockchain. It serves as a money market between borrowers and lenders of stablecoins.
Anchor offers several ways to earn money, including:
- Deposit: UST deposits on the protocol are the easiest way to earn.The protocol presents itself as a savings product, and offers 20% APY on its deposits
- Borrow: In order to borrow UST, users need to post bonded LUNA as collateral, which results in a reward distributed in ANC tokens that is higher than the interest on the loan.
- Stake ANC: ANC can also be purchased and staked to benefit from the staking rewards on the Anchor platform, as well as participate in governance.
- Provide liquidity: In addition, it is possible to earn rewards by stake ANC-UST LP tokens to provide exchange liquidity for ANC.
ANC Tokens Claimed Amount and Users
We can see from the following graph how many wallets are claiming ANC tokens and how much claimed amount they’re claiming every day. Maximum Claims Amount of $1.6M was observed on October 14, 2021, and minimum Claims Amount of $174.98K was observed on September 29, 2021. Claim Amount shows a decreasing trend. On September 29, 2021 and November 12, 2021, the claimed amount was lower than normal, whereas on October 29, 2021 and September 27, 2021, it was higher than normal.
The maximum number of users was 2.55K on November 30, 2021, while the minimum number of users was 1.16K on September 30, 2021.The trend of users is increasing.
In the graph below, you can see the percentage of ANC claimants who have sold all their ANC tokens, as well as the price of ANC tokens on weekly basis. Starting from the beginning, the number of ANC Token sellers increased, but gradually, a large number of users have failed to sell their ANC tokens. They may have kept their tokens to themselves instead.The price of ANC token is in an upward trend. However, the future expectation of a higher price may lead most of the users to keep their tokens instead of selling.