Anchorage supports Hegic, Rally, and Radicle
Diogo Mónica, Co-founder and President
Institutions can now custody three more Governance tokens with Anchorage: Hegic (HEGIC), Rally (RLY), and Radicle (RAD). Each of these tokens enable DeFi innovation, whether by empowering software developers (RAD), growing the digital economy for content creators (RLY), or supporting decentralized options trading (HEGIC). Radicle is also an Anchorage client, its foundation funds are securely custodied through Anchorage. We’re proud to support promising new networks and to offer our clients the ability to gain the exposure they demand.
“Anchorage has been a partner in Radicle’s success from integrating custody to bringing more liquidity. We’ve seen so much interest in DeFi in the last year alone, and it’s exciting to think what lies ahead, especially for open-source developers who can now create their own digital economy powered by RAD.”
-Eleftherios Diakomichalis, Co-Founder, Radicle
Governance tokens represent an exciting new way to decentralize decision-making by giving token holders a voice in shaping the future of a protocol. Anchorage has been an early and enthusiastic supporter of DeFi, supporting on-chain governance for protocols like MakerDAO and Celo and offering custody support for a growing number of DeFi tokens.
Hegic (HEGIC)
Hegic is a decentralized options trading platform bringing together counterparties to write, hold, and trade options. Hegic options are created through “hedge contracts’’ that use wrapped bitcoin (WBTC) and ether (ETH) to write non-custodial options with on-chain settlement without the need for a centralized clearing organization. HEGIC is an ERC20 token used for distribution and settlement of fees between token holders, and in the future, “will also be the way to delegate governance of the Hegic Protocol to the community of token holders.” according to its website.
Radicle (RAD)
Radicle brings decentralization and open-source coding together, creating a censorship-resistant platform where developers can share code and receive micropayments from the community. Radicle gives developers a place to create a token economy around the peer-to-peer software and applications they create. RAD, an ERC20 token, is Radicle’s native governance token, is used to keep Radicle a self-sustaining network for software collaboration, with half of its supply allocated to fund it’s network treasury.
Rally (RLY)
Rally is an open platform that allows creators, artists, celebrities and brands to launch their own digital currency enabling them to build sustainable, independent economies with their communities. Powered by digital assets on the blockchain, Rally offers creators the ability to monetize while driving increased fan engagement and reward systems. Fans can gain access to benefits including exclusive content, community engagements, backstage access, tickets, and merch all while showing their fan loyalty by holding their favorite creator’s coin. Fans can buy, donate, and hold their favorite Creator Coins which are individual cryptocurrencies minted and backed by ERC20 token, RLY. Each Creator Coin’s value is determined by community demand for RLY dedicated to it.
“Anchorage has been a great partner in bringing institutional liquidity to the new creator digital economy at Rally.”
-Kevin Chou, CEO and Co-Founder, Rally
If you’re holding or plan to hold HEGIC, RLY, or RAD, we’re here to help. If you’d like to learn more about Anchorage, please get in touch.
Holdings of cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent. No Anchorage communication is intended to imply that any digital asset services are low-risk or risk-free. Digital assets are held in custody by Anchorage Digital Bank National Association and are not guaranteed or FDIC-insured. All loans are made or arranged by Anchorage Lending CA, LLC pursuant to California Finance Lenders Law License №60DBO-119768. Any depictions of simulated or past loan performance are not necessarily indicative of future results.
