avatar

Anchor Protocol Launches Community Proposal to Lower Maximum Deposit Rate to 5.5%

The Terra ecosystem fixed rate protocol Anchor Protocol has launched a community proposal to lower the minimum rate to 3.5% and the maximum deposit rate to 5.5%, with a target rate of 4%, designed to temporarily stop the depletion of Anchor reserves, making it unnecessary for TFL to deploy additional $UST to help stop the death spiral.
Source

Terra

DeFi

Lending

In This Article

Related News
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack Arijit Sarkar Arijit Sarkar 2 hours ago Crypto lender Polter Finance halts operations after $12M hack
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Latest News More More
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
19 Hours Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
19 Hours Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
1 Day Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
1 Day Ago Singapore bans Polymarket amid national crackdown on online gambling sites

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open