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Ethereum World News
2022-03-24 14:50:58

Anchor Protocol Will No Longer Pay 20% APY

Anchor Protocol Will No Longer Pay 20% APY

Anchor Protocol DAO has passed a proposal that will implement a semi-dynamic Anchor Rate. UST could reach a market rate of 5–15% according to some analysts. The change comes at a time when UST and LUNA are seeing tremendous growth. The Anchor Protocol DAO has voted on a proposal that will see it switch to a semi-dynamic Anchor Rate. The new dynamic earn rate could bring several significant changes to earnings, but still remains high. The cross-chain borrowing function could […]

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