What is anchor protocol's governance token?

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).

What are Defi tokens?

DeFi tokens A new world of cryptocurrency-based protocols that aim to reproduce traditional financial-system functions (lending and saving, insurance, trading) has emerged in recent years. These protocols issue tokens that perform a wide variety of functions but can also be traded or held like any other cryptocurrency.

What are compound tokens?

The popular savings protocol Compound, for example, issues all users a token called COMP. This token gives holders a vote in how Compound is upgraded. The more COMP tokens you have, the more votes you get. Non-Fungible Tokens (NFTs) NFTs represent ownership rights to a unique digital or real-world asset.

What is a native token?

A native token is the base token of a blockchain, and is often needed for transaction fees. The native token of Ethereum is ether and the native token of Cardano is ada — named for Ada Lovelace, widely regarded as the world’s first computer programmer — but by and large, the cryptocurrency has the same name as its blockchain.