Anchor Protocol Will Readjust Interest Rates Each Month, ANC Falls by 5%

Anchor Protocol Will Readjust Interest Rates Each Month, ANC Falls by 5%

Meanwhile, some Anchor users criticized the development on the proposal’s official discussion forum. “Anchor’s competitive advantage is a STABLE deposit rate. If we switch to a dynamic rate we’re giving up on that advantage,” pseudonymous user ‘fulltimecrypto’ wrote. Other users were more upbeat. “We’re big enough now. It’s time to mature a bit and realize 20% on stables is excessive,” said ‘DefiantProtocol.’ “Cutting the rate in half wouldn’t lead to a significant flight of capital.”

Originally Posted on: https://www.coindesk.com/markets/2022/03/25/anchor-protocol-will-readjust-interest-rates-each-month-anc-falls-by-5/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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