The Anchor Protocol team announced via Twitter on Thursday that Proposal 24 has been passed by the community. The proposal seeks to redirect the remaining ANC airdrops to the community pool. The team said the proposal would reduce emissions that could hurt the stability of ANC and provide the community with capital to onboard new collateral types and fund other value-additive builds.
Anchor Protocol is a lending and borrowing protocol on Terra blockchain. It allows users to lend, borrow, and earn interest with their digital assets with an over-collateralized model.
ANC is down by 7% in the last 24 hours and currently trades at $2.14 per token.