How can it be so high?

Question

ICON Project (Official - No Giveaways)

Luca S - I will never PM you!

How can it be so high?

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0

11.09.2021

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Luca S - I will never PM you! Автор вопроса

So basically the more people stake the less % I will get. Is there a minimum to it?

0

11.09.2021

Cryptomancer505

No hard limit, but if it goes too low some people will stop since the value isn't there

0

11.09.2021

Cryptomancer505 · Accepted Answer

The rewards for OMM are pretty high right now and the APY is calculated based on the # of OMM tokens you receive. Since that's a fixed amount and the # of tokens you receive is a product of your contribution and the TOTAL # of OMM in the pool, the APY will change as the staking volume rises or falls. The more people stake, the lower the APY and vice versa. The same idea applys to the liquidity pools. After 30 days the # of new OMM minted will drop from 1m/day to 400k/day (60% lower) and, as such, the APY's will drop by 60% from where they are the day before, if that makes sense.

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