Following the announcement, the value of AnchorProtocol’s native token ANC slipped roughly 2% lower during the last 24 hours.
The earn rate can increase or decrease per period to 1.5% spending on the increase and decreases in yield reserves. The Anchor governance vote’s outcome shows 14.98% voted “yes” to the proposal, while 2.4% voted “no.”about the proposal passing on Thursday. “With the passing of Prop 20, Anchor will now implement a more sustainable semi-dynamic earn rate,” the team detailed. The Anchor team added:
In its simplest form, this proposal involves two parameters on the Earn side and we will break down each one: 1. Frequency – How often the rate can change, [and] 2. Cap on Rate Adjustments – How large the rate changes can be.According to the thread, the protocol’s payout rate will adjust the frequency once a month and the adjustment will be based on yield reserve performance for that month. “The cap on rate adjustments is set at 1.5%, so the most it can increase or decrease each month is 1.
Anchor Recently Adds Interchain Support With Avalanche, Anchor’s Locked Value Jumped by 44.59% in 30 Days Anchor’s project announcement continued by adding that changes that occur that are less than 1.5% “will result in an equal adjustment of the earn rate.” The news follows Anchor’s one-year anniversary and the protocol’s interchain direction. Anchor executive Ryan Park
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cardax DeFi on Cardano Starts Security Audit, Shares Mainnet Release DateDecentralized finance (DeFi) protocol Cardax shares the last updates of its technical development, audit and partnerships
Weiterlesen »
Next 24 Hours Crucial for EU Crypto Law as Officials Debate Emissions, DeFi, NFTsThe EU is still considering how to regulate Bitcoin emissions and NFTs – and the next 24 hours could prove crucial. jackschickler reports
Weiterlesen »
Nexo experiments with liquid staking of client assets in hunt for DeFi yieldNexo experiments with liquid staking of client assets in hunt for DeFi yield (by Timccopeland)
Weiterlesen »
Web3 and DeFi: Collaborators OR Competitors? | HackerNoonWeb3 and DeFi are hot and trendy topics these days. What does Web3 actually mean? How do Web3 and DeFi impact each other? What's the best Web3 example?
Weiterlesen »
IOSCO says DeFi is quickly evolving and 'cloning financial markets'Did you know an International Organization of Securities exists? Well, it does (IOSCOPress), and its Chair is seemingly warming up to the idea of DeFi.
Weiterlesen »
Interlay aims to advance Bitcoin’s DeFi potential with new interoperable bridgeAfter two years of development, Polkadot parachain network Interlay walks towards finishing a Bitcoin bridge. The project received a substantial grant from Web3 Foundation in 2020.
Weiterlesen »