@anchor_protocol ‘is the greatest saving&lending defi protocol with 20% fixed yield by far.
You can even make money when you barrow $UST with $ANC rewards.
So what’s the $ANC value?
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$LUNA $ANC $MIR

ANC has two prime functions:

1) It represents a share in the governance of the Anchor protocol

2) 10 percent of collateral return plus the interest paid by borrowers go towards ANC buybacks

Excess return = Real interest made by the platform - Interest Paid to depositors

(A) One portion of this excess yield is captured by ANC token and goes towards token buybacks on Terraswap

(B) Another portion goes in the yield reserve (which can be used in bad times- crypto winters or when borrowing demand is too low to accommodate depositors interest)

Therefore, the value of ANC scales with AUM (assets deposited on the platform as collateral and amount of money borrowed)

To estimate @anchor_protocol TVL or AUM after 3-4 years, ask yourself these questions:

1) What will be the total size of the market?

2) What percentage of users will stick to the platform?

3)How many bassets will be supported? How much borrowing demand can we see for each bAsset?

4) Are their competitive advantages for Anchor compared to other borrowing and lending protocols?

5) What marketshare ANC can capture in Defi borrowing lending market in next 3-4 years?

I believe @anchor_protocol TVL/AUM could reach more than $100B in 3-4 years
In this scenario $ANC has huge potential for long term investors.
This is not a financial advice and always DYOR.