Retrograde Core Team Releases Proposal in Anchor Protocol Community for $veANC Token Economics

TokenInsight news, the Retrograde core team has released a proposal in the community of Terra lending platform Anchor Protocol to launch $veANC token economics, which aims to extend the role of the Anchor Protocol governance token $ANC. Users can lock $ANC to receive $veANC for a minimum of 1 year and a maximum of 4 years, with the lock time linearly related to the voting weight. In addition, $veANC holders will receive a portion of the Protocol's revenue as a reward and a higher $ANC release as an interest rate subsidy when borrowing.