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Tag: $ANC

The Anchor Token (ANC) is the governance token for the Anchor Protocol. Users may deposit (or stake) $ANC tokens in order to launch new governance polls, which can then be voted on by other users who have staked ANC in order to determine the outcome. $ANC is intended to capture a fraction of Anchor’s yield as compared to the assets under control of Anchor Capital (AUM).

Anchor Protocol says goodbye to its fixed earn rate

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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! Let’s cover what this will look like 🧵— Anchor Protocol (@anchor_protocol)...

$ANC, $LUNA, $UST, Cryptocurrencies, Front page, News

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What to do with Anchor Protocol in the long term?

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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...

$ANC, $UST, DeFi, Front page

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