The Rediscovery of Bitcoin's Blockchain: The World's Most Powerful Anchor
Blockchains are set to go mainstream. As opposed to bitcoin - the currency - the underlying blockchain technology is embraced by prominent companies, banks, and even governments. A brand new industry is emerging based on this technological advancement that allows multiple entities to agree on a single version of a database with no need for a trusted....
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While the decentralized finance (defi) platform Anchor Protocol’s native digital asset ANC has gained more than 180% over the last month, the total value locked (TVL) in Anchor has increased a great deal during that time as well. Anchor Protocol is currently the second-largest defi lending platform in terms of TVL, and over the last month, Anchor’s TVL has increased by 40.13%.
Anchor TVL Surges More Than 40% in 30 Days, Protocol’s TVL Rivals Aave’s Lead
The Terra-based token anchor protocol (ANC) has increased in value significantly against the U.S.....
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for the month of May. Defi Lending Protocol Anchor’s Earn Rate Adjusts Downward The lending platform Anchor Protocol is the third-largest defi protocol today with $16.5 billion total value locked (TVL). Statistics show that....
On Thursday, the team behind the lending protocol Anchor announced that a proposal has passed and the decentralized money market will “implement a more sustainable semi-dynamic earn rate.” Following the announcement, the value of the protocol’s native token ANC slipped roughly 2% lower during the last 24 hours. Anchor Protocol Is Changing the Application’s Earn Rate Anchor Protocol, the decentralized finance (defi) money market and lending application built on Terra, is making some changes to its earn rate. According to a recently passed governance vote, Anchor....
Tierion has announced the launch of its latest API last week. The new high-performance API can be used to anchor data in the blockchain. The Hartford, Connecticut-based blockchain company, Tierion has announced the launch of its latest API last week. The new high-performance API is made available for free to the developers, and it can be used to anchor data in the blockchain. According to a blog post on Tierion’s website, the new Hash API can be used to generate proofs and audit trails while maintaining the privacy of the data. Currently, the Hash API is free for creating about 1000 per....
Anchor Protocol, one of the most popular platforms in the Terra ecosystem, rolled out a change in its Earn Rate. The latter will begin to operate in a semi-dynamic fashion rather than the previously fixed 20% annual percentage yield (APY). Related Reading | Terra Price Continues Moving North; How Soon Will It Cross $100? With a massive shift in the protocol’s reward mechanism, the new models aim at making Anchor “more sustainable”. As a result, users started earning an 18% APY as of yesterday, May 1. The earn rate will be modified each month for the foreseeable future. The team....