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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.
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