Polychain Capital and Arca Prop Propose Adjustment to Anchor Protocol Yield to Ensure Protocol Continuity

Polychain Capital and Arca Prop have launched a proposal for the Terra Ecosystem fixed rate protocol Anchor Protocol, proposing a new stepped rate of return based on the number of UST deposits to ensure protocol sustainability. The proposal propose the following adjustments to the deposit rate paid on Anchor Earn: 1) Deposit amounts up to 100,000 UST: 19.56% APY 2) Deposit amounts above 100,000 and up to 500,000 UST: 17.50% APY 3) Deposit amounts above 500,000 UST: 10% APY. The current turnout for the protocol is 70.96%, with 54.74% of the vote weighted against.
Source

Terra

In This Article

Related News
Terra Classic Community Decides to Stop Minting $USTC in Effort to Re-Peg $USTC to USD Terra Classic Community Decides to Stop Minting $USTC in Effort to Re-Peg $USTC to USD
$160M in Bitcoin Moved from Luna Foundation Guard Wallet $160M in Bitcoin Moved from Luna Foundation Guard Wallet
Do Kwon Reported to Have Political Ties with Former Montenegro Finance Minister Do Kwon Reported to Have Political Ties with Former Montenegro Finance Minister
Montenegro High Court Denies Do Kwon's Bail Request Montenegro High Court Denies Do Kwon's Bail Request
Montenegrin Prosecution Appeals Decision to Grants Bail to Do Kwon Montenegrin Prosecution Appeals Decision to Grants Bail to Do Kwon
Latest News More More
7 Hours Ago Starknet Active Users Dropped Significantly as Dissatisfication over Airdrop Allocation
14 Hours Ago Vitalik Says AI Could be Crucial to Solve Ethereum "Biggest Technical" Risk
15 Hours Ago Japan to Allow VC Firms to Directly Invest in Startups that Only Issue Crypto Asset
1 Day Ago Circle Requested U.S. Legislators to Empower the Treasury Department to Clamp Down on USDT
1 Day Ago Worldcoin Sets New All-Time High on OpenAI's Sora AI Model Launch
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open