{"id":61351,"date":"2022-05-12T15:13:29","date_gmt":"2022-05-12T12:13:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61351"},"modified":"2025-09-05T11:39:39","modified_gmt":"2025-09-05T08:39:39","slug":"anchor-community-proposes-trimming-ust-deposit-yield-to-4","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/anchor-community-proposes-trimming-ust-deposit-yield-to-4\/","title":{"rendered":"Anchor community proposes trimming UST deposit yield to 4%"},"content":{"rendered":"<p>The Anchor protocol community <a href=\"https:\/\/app.anchorprotocol.com\/#\/poll\/28\">proposed<\/a> to reduce the target yield on UST deposits to 4% per year. It is hoped this will help restore parity of the algorithmic stablecoin with the US dollar.<\/p>\n<p>The author of the &#8217;emergency proposal&#8217;, Daniel Hong, was one of the developers of the original Anchor smart contract. He explained that lowering the deposit rate would curb the flow of additional UST into circulation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3\/ I believe TFL should have done this first, but I&#8217;m doing it as one of the three people who worked on the initial contract design of Anchor.<\/p>\n<p>I equally love everything I have done in my lifetime, regardless of how I feel about it later on<\/p>\n<p>\u2014 Daniel Hong \ud83e\ude84 (@unifiedh) <a href=\"https:\/\/twitter.com\/unifiedh\/status\/1524332234886778880?ref_src=twsrc%5Etfw\">May 11, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Anchor uses a floating interest rate. If the initiative is approved, its minimum value would be reduced to 3.5%, and the maximum to 5.5%. The vote on the proposal will run until May 18.<\/p>\n<p>At the time of writing, the yield on the protocol stands at <a href=\"https:\/\/app.anchorprotocol.com\/#\/earn\">19.64%<\/a>.<\/p>\n<p>Since the crisis began in Terra&#8217;s ecosystem, nearly 9.5 billion UST have been withdrawn from Anchor. The largest outflow was recorded on May 9 \u2014 3.33 billion UST. The protocol&#8217;s yield reserve is also nearly exhausted.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"455\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/anchor-dep.png\" alt=\"\u0421\u043e\u043e\u0431\u0449\u0435\u0441\u0442\u0432\u043e Anchor \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b\u043e \u0441\u043d\u0438\u0437\u0438\u0442\u044c \u0441\u0442\u0430\u0432\u043a\u0443 \u0434\u043e\u0445\u043e\u0434\u043d\u043e\u0441\u0442\u0438 \u043f\u043e \u0434\u0435\u043f\u043e\u0437\u0438\u0442\u0430\u043c \u0432 UST\" class=\"wp-image-172867\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/anchor-dep.png 940w, https:\/\/forklog.com\/wp-content\/uploads\/anchor-dep-300x145.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/anchor-dep-768x372.png 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><figcaption>\u0414\u0430\u043d\u043d\u044b\u0435: <a href=\"https:\/\/terra.smartstake.io\/anc\">SmartStake<\/a>.<br \/><\/figcaption><\/figure>\n<p>Earlier, <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-and-citadel-deny-involvement-in-ust-crash-as-luna-slumps-to-0-01\">BlackRock and Citadel said they were not involved in the collapse of UST<\/a>.\u00a0<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Anchor protocol community proposed reducing the target yield on UST deposits to 4% per year. It is hoped this will help restore parity of the algorithmic stablecoin with the US dollar.<\/p>\n","protected":false},"author":1,"featured_media":61352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[952,807,852],"class_list":["post-61351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-anchor","tag-stablecoins","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61351"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61351\/revisions"}],"predecessor-version":[{"id":61353,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61351\/revisions\/61353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61352"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}