Luna Foundation Proposes $450M Cash Injection to Boost Anchor DeFi Protocol Reserves

The Luna Foundation Guard (LFG) proposed on Feb 8 to replenish the Anchor Protocol yield reserves by $450 million. The Foundation is stepping in to help the DeFi lending and borrowing protocol keep its comparatively high interest of 20% over the next year.

The Luna Foundation Guard proposed to replenish the Anchor yield reserve by $450 million, as part of a plan to help the protocol keep its 20% interest over the next year.

The proposed cash injection is a temporary fix, designed only to allow the development of a more sustainable economic model for Anchor.

So far, the plan is to introduce a model that incentivizes borrowing while diversifying collateral to include new staking assets.

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