Arca Has Posted a Governance Proposal to Add Much-needed Utility to $ANC

TokenInsight news, Arca has posted a governance proposal to add much-needed utility to $ANC. It said that any wallet with over $100,000 of $UST deposited in Anchor must own and stake an amount of $ANC tokens equivalent to 10% of the $UST deposited to earn the full ~20% APY. If the wallet does not hold greater than or equal to the 10% equivalent of the $UST balance deposited in the $ANC governance contract, then the $UST deposited in Anchor earns accrues one half of the Anchor Yield (~10% APY total) with the net interest margin accruing to the Yield Reserve.
Source

Governance

In This Article

Related News
MakerDAO Founder Initiates Proposal Regarding Spark Pre-Farming Airdrop and SubDAO Farming Model MakerDAO Founder Initiates Proposal Regarding Spark Pre-Farming Airdrop and SubDAO Farming Model
LidoDAO Pushing for Dual Governance Model, Giving stETH Holders Veto Power LidoDAO Pushing for Dual Governance Model, Giving stETH Holders Veto Power
Optimism Announced the Law of Chains to Provide Guiding Principle for Superchain Optimism Announced the Law of Chains to Provide Guiding Principle for Superchain
Polygon Labs Announces New Governance Framework for Polygon Ecosystem Polygon Labs Announces New Governance Framework for Polygon Ecosystem
Redacted Launches Hidden Hand V2, Adds Support for Arbitrum and Polygon zkEVM Redacted Launches Hidden Hand V2, Adds Support for Arbitrum and Polygon zkEVM
Latest News More More
Three Arrows Capital Co-Founder Zhu Su Apprehended in Singapore, Sentenced to 4-Month Imprisonment
2 Hours Ago Circle Claims Stablecoins Aren't Securities in Amicus Curiae Brief of SEC-Binance Case
3 Hours Ago RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows
18 Hours Ago Oracle Project Supra Closes Over $24 Million in Funding with Coinbase Ventures Involved
23 Hours Ago 1xBit Adds Two Exclusive Deposit Methods – Arbitrum and Algorand
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open