Anchor, the fourth largest DeFi protocol through May 6, is worth virtually nothing today. And it’s not an ANC token. Anchor sinks with Terra’s shipwreck Anchor was not only...
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ANC
As the Anchor protocol sees a drop in APY, here’s what it needs to bounce back
The semi-dynamic rate of return, which was the solution proposed by Anchor to recover losses inherited from lack of borrowing in the protocol, seems to have backfired today. After...
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![Anchor [ANC]: Troubled days ahead amid deteriorating deposit lending](https://zerolaw.tech/wp-content/uploads/2022/04/Anchor-ANC-Troubled-days-ahead-amid-deteriorating-deposit-lending.jpg)
Anchor [ANC]: Troubled days ahead amid deteriorating deposit lending
On the one hand, it’s rare to see a weekly rise in an ecosystem followed by a weekly drop in prices on the other. But that was the case...
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Anchor now makes its APY “dynamic”, will it see the ANC cancel all its losses
Anchor has been one of the fastest growing decentralized finance protocols in the crypto space. In less than a year, dApp has managed to attract a large number of...
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LUNA may be suffering, but here’s what she’s giving her support for
Blockchain Terra recently injected about $450 million worth of UST into Anchor’s yield reserve through the Luna Foundation Guard. This extended the reserves for the next 12 months. Now,...
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