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.
Source

Lending

In This Article

Related News
RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows RWA Sector Grows Fast with Market Cap Increases 60% in 2023, TokenInsight Report Shows
$HIFI Price Went Up 52.17% Over the Last 24 Hours $HIFI Price Went Up 52.17% Over the Last 24 Hours
Venus Protocol Launching Incentive Program in Q4 2023 to Promote $XVS Staking Venus Protocol Launching Incentive Program in Q4 2023 to Promote $XVS Staking
Genesis Global Capital Sues Parent Company DCG for Over $600M Unpaid Loans Genesis Global Capital Sues Parent Company DCG for Over $600M Unpaid Loans
Coinbase to Launch Crypto Lending Service for Institutions with $57M Raised Coinbase to Launch Crypto Lending Service for Institutions with $57M Raised
Latest News More More
Chainlink CCIP Application Merlin Bridge Completed Testing on Testnet
7 Hours Ago Ethereum Futures ETFs Go Live, First Day Trading Volume Less than $2M
20 Hours Ago Former Galaxy Digital Executive Launches Crypto Investment Firm Deus X Capital
23 Hours Ago Top Exchanges' Total Trading Volume Hit Two-Year Low in September
3 Days Ago Circle Launches Circle Research and Perimeter Protocol
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open