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CoinGape
2022-03-12 06:07:11

Anchor Protocol Holders Strike Down Proposal To Cut Yield Rate

Anchor Protocol Holders Strike Down Proposal To Cut Yield Rate

A proposal to reduce yield rates on the Terra-based Anchor Protocol (ANC) was overwhelmingly voted against by ANC token holders on Saturday. The cut was proposed by Polychain Capital and Arca Prop, and sought to trim rates by up to 50% to make the protocol more sustainable. ANC currently offers a yield of nearly 20% The post Anchor Protocol Holders Strike Down Proposal To Cut Yield Rate appeared first on CoinGape.

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