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add an encyclopedia entry for Anchors (#307)
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* add anchor encyclopedia entry

* link to Encyclopedia from Glossary

* anchor encyclopedia entry

-remove overview from Anchor Assets
-link to encyclopedia entry from Anchor Platform overview

* fixed links

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briwylde08 authored Feb 28, 2024
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2 changes: 1 addition & 1 deletion docs/anchoring-assets/anchor-platform/index.mdx
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---

The Anchor Platform is the easiest and fastest way to deploy anchor services compatible with [Stellar Ecosystem Proposals (SEPs)](https://github.com/stellar/stellar-protocol/tree/master/ecosystem).
The Anchor Platform is the easiest and fastest way to deploy [anchor services](../../encyclopedia/anchors) compatible with [Stellar Ecosystem Proposals (SEPs)](https://github.com/stellar/stellar-protocol/tree/master/ecosystem).

The goal of the Anchor Platform is to handle all Stellar-specific functionality and requirements for running an anchor, allowing businesses to focus on the core business logic necessary to provide these services.

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---
title: Overview
sidebar_position: 10
title: Anchors
---

import { CodeExample } from "@site/src/components/CodeExample";

## What is an anchor?

An anchor is a Stellar-specific term for the on and off-ramps that connect the Stellar network to traditional financial rails, such as financial institutions or fintech companies. Anchors accept deposits of fiat currencies (such as the US dollar, Argentine peso, or Nigerian naira) via existing rails (such as bank deposits or cash-in points), then sends the user the equivalent digital tokens on the Stellar network. The equivalent digital tokens can either represent that same fiat currency or another digital token altogether. Alternatively, anchors allow token holders to redeem their tokens for the real-world assets they represent.

Stellar has anchor services operating worldwide. View the [Anchor Directory](https://resources.stellar.org/anchors?) for more information on existing Stellar anchors.

Anchors can issue their own assets on the Stellar network, or they can honor assets that already exist. To learn about issuing assets, check out the [Issue Assets section](https://developers.stellar.org/docs/category/issue-assets).
Anchors can issue their own assets on the Stellar network, or they can honor assets that already exist.

You can set up an anchor by using the SDF-maintained [Anchor Platform](../anchoring-assets/anchor-platform), which is the easiest way to deploy an anchor service compatible with Stellar Ecosystem Proposals (SEPs).

This documentation will instruct you on how to become an anchor. To understand how to integrate anchor services into your blockchain-based application, check out the [Build Apps section](/docs/building-apps/example-application-tutorial/anchor-integration/setup) and [Connect to Anchors section][/docs/category]. If you’re looking specifically for MoneyGram Access, see the [Integrate with MoneyGram Access tutorial](https://developers.stellar.org/docs/tutorials/moneygram-access-integration-guide).
Learn how to integrate anchor services into your blockchain-based application by viewing the [Build Apps section](../building-apps/overview.mdx). If you’re looking specifically for MoneyGram Access, see the Integrate with MoneyGram Access tutorial.

## Stellar Ecosystem Proposals (SEPs) and interoperability
### Stellar Ecosystem Proposals (SEPs)

Stellar is an open-source network that is designed to interoperate with traditional financial institutions, various types of assets, and other networks. Network participants implement Stellar Ecosystem Proposals (SEPs) to ensure they can interoperate with other products and services on the network. SEPs are publicly created, open-source documents that live in a [GitHub repository](https://github.com/stellar/stellar-protocol/tree/master/ecosystem#stellar-ecosystem-proposals-seps) and they define how asset issuers, applications, exchanges, and other service providers should interact and interoperate.
Stellar is an open-source network that is designed to interoperate with traditional financial institutions, various types of assets, and other networks. Network participants implement Stellar Ecosystem Proposals (SEPs) to ensure they can interoperate with other products and services on the network. SEPs are publicly created, open-source documents that live in a [GitHub repository](https://github.com/stellar/stellar-protocol/tree/master/ecosystem#stellar-ecosystem-proposals-seps.mdx) and they define how anchors, asset issuers, applications, exchanges, and other service providers should interact and interoperate.

Read more about SEPs in the [SEPs section](https://developers.stellar.org/docs/fundamentals-and-concepts/stellar-ecosystem-proposals).
Read more about SEPs in the [SEPs section](../fundamentals-and-concepts/stellar-ecosystem-proposals.mdx).

As an anchor, the most important SEPs are [SEP-6]: Programmatic Deposit and Withdrawal, [SEP-24]: Hosted Deposit and Withdrawal, and [SEP-31]: Cross Border Payments API. You’ll also work with [SEP-10]: Stellar Authentication, [SEP-12]: KYC API, and [SEP-38]: Anchor RFQ API.
For anchors, the most important SEPs are [SEP-6]: Programmatic Deposit and Withdrawal, [SEP-24]: Hosted Deposit and Withdrawal, and [SEP-31]: Cross Border Payments API. You’ll also work with [SEP-10]: Stellar Authentication, [SEP-12]: KYC API, and [SEP-38]: Anchor RFQ API.

[sep-1]: https://github.com/stellar/stellar-protocol/blob/master/ecosystem/sep-0001.md
[sep-6]: https://github.com/stellar/stellar-protocol/blob/master/ecosystem/sep-0006.md
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6 changes: 4 additions & 2 deletions docs/glossary.mdx
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A central Stellar data structure to hold balances, sign transactions, and issue assets.

See the [Accounts section](./fundamentals-and-concepts/stellar-data-structures/accounts) to learn more.
See the [Accounts section](./fundamentals-and-concepts/stellar-data-structures/accounts.mdx) to learn more.

### Account ID

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The on and off-ramps on the Stellar network that facilitate one-to-one conversion of off-chain representations to and from tokenized assets, for example, digital tokens representing bank deposits.

Read more in the [Anchor Encyclopedia entry](./encyclopedia/anchors.mdx)

### Application (app)

A software program designed for users to carry out a specific task (other than operating the computer itself).
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This differs from the Effective Base Fee which is the actual fee paid per operation for a transaction to make it to the ledger. When the network is in surge pricing mode, the effective base fee varies based on an auction mechanism. When it's not, the effective base fee defaults to the network minimum currently at 100 stroops per operation.

Learn more in our [Fees, Surge Pricing, and Fee Strategies Encyclopedia Entry](./encyclopedia/fees-surge-pricing-fee-strategies)
Learn more in our [Fees, Surge Pricing, and Fee Strategies Encyclopedia Entry](./encyclopedia/fees-surge-pricing-fee-strategies.mdx)

### Base reserve

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