The Anchor Protocol community has submitted an offer to recover TerraUSD (UST) Stablecoin, which is trading at 57 cents at the time of writing to $1 peg.
Deposit withdrawโปรโมชั่น slotxo quickly within 1 minute. The entrance to the ava168 game is ready to give you convenience. with deposit-withdrawal service through a True Money account or True Money Wallet, a top-up channel through the application that is currently the most popular Absolutely comfortable 100%
Dubbed the "Contingency Measures for Terra peg Recovery," the proposal aims to reduce the minimum interest rate to 3.5% and the maximum deposit rate to 5.5%.
Anchor is a decentralized finance (DeFi) platform where most UST staking/borrowing takes place. It found total lockout volume (TVL) had dropped to about $3 billion from nearly $18 billion.
The current 18% yield will also be reduced temporarily. The "target interest rate of 4%" follows the proposal, "depegged UST no longer maintains 18% APY," according to the post, citing annual percentage returns.
