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So potentially, I make a risk/reward assesment, and make a

decision that it is worth locking at 52%. That may drop to 40%, a rate I feel is not worth the risk? No problem, I just have to include the floating APY in my risk assesment. It is not clear from the Treasury page that the APY is floating and not locked.

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Yeah it can float higher or lower depending on treasury income and liquidations and amount of stakers

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