GM Guys. First question: How big % p.a. will be from staking

Question

GM Guys. First question: How big % p.a. will be from staking

$RSR after mainnet ?
I mean, roughly.

And second question:
Do you know if will be possible to staking $RSV too ?
That could be great if we will have something more stable to staking too.
Like for example:
Crypto.com - Up to 12% APY
Incognito - 13% APY on DAI
Hotbit.io - 20.1% APY for Tether(USDT)
Celsius - 10.5% APY on several stablecoins.
Etc.

#cryptocurrency #english #reserve

0

16.10.2021

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Sinatra · Accepted Answer

Hello Jam - the first question is really hard to answer correctly, since it depends on how high the adoption rate of the new DeFi-cash stablecoin will be. It would be logical to think that, the higher the APY for RSR staking, the more attractive an option for potential RSR holders could become. But it could also be that the majority of RSR holders choose to stake their token. If that were to be the case, and if the adoption of the new stablecoin isn't that significant, then it could be that the APY is pretty low (atleast compared to typical DeFi APYs). So very hard to speculate on in my opinion. It is not our goal to promote RSV as a staking token - it's usecase lies more in being the default USD-based currency in the Reserve app for the time being. That being said, there are already some protocols that allow RSV staking, which is the main reason that the cap of 10M RSV has been reached. We do intend to hook in our new DeFi-cash stablecoin in the general crypto world, which includes exchanges or DeFi protocols. However, I am not yet sure how exactly that will look like.

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