Terra's Largest DeFi Protocol Anchor Changes ANC Airdrop Rules: Details

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Terra's Largest DeFi Protocol Anchor Changes ANC Airdrop Rules: Details
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.Anchor Protocol announces last $ANC airdrop: Here's who will get remaining tokens AnchorProtocol

On April 12, 2022, it was proposed to stop the airdrop program as its"increased emissions" become more and more dangerous for the stability of ANC token.

A total of 12.83% of Anchor Protocol enthusiasts took part in the referendum on this proposition, while a quorum was set at 10%. Ninety-eight point five percent of voters supported the proposal.As such, the airdrop program is stopped for good. Those who have unclaimed tokens from previous airdrops should claim them before June 1, 2022.The remaining 74,070,000 ANC in the Anchor Airdrop contract will be transferred to Anchor Protocol's community pool.

Anchor community members on the protocol's forum welcome the new regulation, while Twitter followers of Anchor's main account lack consensus about its role. Some of them never claimed ANC, while others admitted that the payouts were too small. For instance, a $0.55 per week bonus was allocated to a user with 100 LUNA staked.

As covered by U.Today previously, Anchor Protocol is the largest and most popular decentralized finance protocol of the Terra ecosystem.Allowing users to stake UST stablecoin with 19.5% in APY, it amassed more than $15.8 billion in TVL.

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