Anchor Protocol, the DeFi protocol built on the Terra blockchain, has decided to end its fixed rate of return following a vote.
The protocol, which allows annual interest to be generated with deposits in UST, Terra’s stablecoin, will now have a variable interest rate.
1/ With the passing of Prop 20, Anchor will now implement a more sustainable semi-dynamic Earn rate!
By Juan Mende.
According to the official announcement of Huobi, one of the global largest digital asset exchanges, H2O (H2O DAO) is listed on Huobi’s brand-new token listing platform, Primelist, at 13:00 (UTC) on March 25, 2022. This listing marks the market’s high recognition of H2O in the field of DAO.
In the meantime, H2O is giving away 25,000 H2O tokens to welcome the new era. This is one of the benefits the community users can enjoy…
Terra’s native stablecoin, $UST, is used as the basis for Anchor, a decentralized return protocol that provides users with a fixed annual return of approximately 20% on deposits made to UST. During the first week of February, a governance proposal called for the Luna Foundation Guard (LFG) to inject $450 million into the Anchor yield pool to keep yields high. This caused problems to the protocol.
Due to recent downward pressure in…
Binance, the biggest cryptocurrency exchange in the world by reported volume, has announced that the Anchor Protocol token ($ANC) will be listed on its platform.
The exchange made the announcement today via a tweet.
