The capital city, built at the base of the Black Hills near Tepheranos's lair. A grim, orderly city where loyalty to the dragon is mandatory and dissent is dangerous. Heavy taxation funds the military while most citizens live in poverty.
Tephrakus is what Tepheranos built after he lost. He came to Anarak driven and cheated, his brother having taken the whole Argysis hoard in the Dragon Betrayal, and rather than brood over the lesser prize he made it pay. The city is the proof of the long game: ordered, taxed to the bone, and turned toward a war footing that has never once been spent. Two centuries on, the dragon who lost the betrayal rules a working kingdom from here, while the brother who won it sits on dead gold to the north.