Anchor Nips at Aave’s Heels as Defi Protocol Becomes Second-Largest Lending A...
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.....
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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....
Surging volume, demand for flash loans and a strong rally in DeFi tokens pushed AAVE price to a new all-time high today. Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart. Source: TradingViewAt the start of 2021, AAVE price was trading at $83 and the recent rally appears to have bolstered the protocol’s surging total value locked,....
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, the network’s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terra’s UST.
Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols....
Aave’s TVL has soared past $20 billion, with one-third of capital coming from its deployment on layer-two, Polygon. Aave has surged to the top of the DeFi ranking by total value locked (TVL) amid its recent embrace of layer-two for scaling.According to Aave’s website, the v2 and Polygon deployments of the popular crypto-powered money market protocol currently represent more than $20 billion in locked capital, holding more than $12.6 billion and $7.8 billion in the respective versions.According to DeFi Llama, Aave v2 is currently the largest decentralized protocol by assets locked, while....
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....