LFG has Voted to Capitalize the Anchor Protocol Yield Reserve by 450 Million $UST
TokenInsight news, The Luna ecological non-profit foundation Luna Foundation Guard (LFG), will inject $450 million into the yield reserve of Anchor Protocol to help it maintain the interest rate of 20%. LFG will swap 9.5 million $LUNA with $UST in 5 to 10 days, which will result in about 450 million $UST being cast. It is reported that due to the lack of willingness to borrow, the yield reserve of Anchor Protocol has fallen by 80% since December last year. Capital injection is a temporary solution aimed at developing a more sustainable economic model for Anchor. Over the past four weeks, the official yield reserve has decreased by about $1.6 million a day. At the current rate, the existing reserve is only enough to pay for eight days.