# Anvil

> The universal collateral layer

Anvil is a collateral management protocol on Ethereum. It lets users lock digital assets as collateral to back letters of credit, secured loans, and other financial commitments.

Anvil is a collateral management protocol on Ethereum that turns digital assets into programmable collateral for financial commitments. Users deposit tokens into a shared vault and use them to back letters of credit and fully secured credit. It serves applications in payments, consumer credit, commerce, and institutional finance that need guarantees without a credit check.

Collateral sits in the vault and is reserved for a specific commitment, such as a digital letter of credit that pays a beneficiary if its creator does not deliver. Time-based collateral pools let holders stake tokens that back these commitments and earn rewards in return. An oracle prices collateral against the credited token, and liquidations run through approved contracts.

Anvil Protocol is the flagship, reached through a web app and an SDK for developers who build collateral into their own products. Holders of the ANVL token vote on accepted collateral tokens, collateral factors, and which external contracts may use the vault. Anvil is used by consumer finance and commerce platforms, institutions, and token holders who want their assets to secure real obligations.

- Type: Protocol
- Sector: DeFi
- Status: Active
- Founded: 2024-05-01
- Profile: https://thegrid.id/profiles/anvil

## Products

- [Anvil Protocol](https://thegrid.id/profiles/anvil): Anvil Protocol is a set of Ethereum smart contracts that lets users deposit digital assets into a collateral vault and reserve them to back financial commitments. Its digital letters of credit guarantee a payment to a beneficiary, with the collateral claimed or liquidated if the creator does not pay. Time-based collateral pools let stakers commit their tokens as backing for these commitments and earn rewards. ANVL holders govern the accepted collateral tokens, collateral factors, and approved external contracts. (Decentralised Borrowing & Lending, Live, Main Product)

## Assets

- [Anvil (ANVL)](https://thegrid.id/profiles/anvil): ANVL is the governance token of Anvil Protocol on Ethereum. It is used to vote on protocol upgrades, decisions on which assets can be supported as collateral, and approvals for external contract integrations. Holding ANVL gives token holders direct control over the credit issuance system, including which collateral types are accepted and which external contracts can interact with the protocol. (Governance)

## Links

- [Main](https://anvil.xyz)
- [Documentation](https://docs.anvil.xyz)
- [Forum](https://forum.anvil.xyz)
- [Whitepaper](https://1877993407-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRYZqahnNqgZ87jrz4qsR%2Fuploads%2FQpnLn3oN7a4nSnA1u6Fj%2FAnvil%20Protocol%20Whitepaper_v1.0.pdf?alt=media&token=fe9a9d77-a4f2-423f-b31d-276ae8ce06ea)
- [Privacy policy](https://anvil.xyz/privacy_policy)
- [Terms of Service](https://anvil.xyz/terms_of_use)
- [Media Kit/branding](https://docs.anvil.xyz/resources/media-kit)
- [Twitter / X](https://x.com/anvil_xyz)
- [Discord](https://discord.gg/anvil)
- [GitHub](https://github.com/AcronymFoundation/anvil-contracts)
- [Medium](https://anvil-protocol.medium.com)

## Legal

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The following applies to both licensing models.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP