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Cryptocurrency News

Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate

06/09/2022

Less than a minute

2022.06.09 10:46

Anchor protocol was originally designed to offer an interest rate of 3.6% but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC.

“I did not know that this would go out with such a high-interest rate. Set to 20% just a week before the release,” said the employee, referred to only as Mr. B in the Korean-language report.

Source

06/09/2022

Less than a minute