explain to me how we are able to have 14% apy on telos thru REX and how that’s sustainable?
it not the more people in rex the less you will get
we have ample reserves
We covered this in the AMA Tuesday… go check it out 😎🤓
So, in the end, the tlos rewarded on evm will be from the rex reserves?
Yeah, basically reduce rex to providing staking reward on evm
They already did the proposal on telos decide?
I'm not sure there's reducing REX. They're just balancing it on Native & EVM. That's what i understood from the Tech Talks AMA.
I think it's the same thing, if people start to stake on evm it will reduce the % on native too!
I don't think so, many that have tlos on evm didn't switch to native to have the stake
Yup, so those will stake on EVM then, and the rewards will go down a bit as it has been designed that way.
This is how REX is designed today, more TVL Leads to a reduction of APR as the pool of TLOS taken from the reserves is stable. The rewards will be split on EVM and REX Native based on value locked, payout from reserves will be the same and there will be no inflation to finance this. Our clear goal is to give those on EVM a staking opportunity and draw attention to EVM which will support both Omnidex and Zappy as well as others that are building right now. I envision this to have a clear effect on adoption and price. (NFA/DYOR) Single Asset staking is a great Tool for this. sTLOS might lead to a decrease of APR since it also enables borrowing/lending with the receipt token, but i trust that the positive effect for TLOS outweighs the reduction
So the question by @steferretto is whether this needs a community vote? I assume it doesn't, as we're not changing the APR.
The total amount of released TLOS from the reserves does not change, so there would possibly not be an immediate need for a full community vote.
In the end, you found a loophole to have the same results as you wanted without asking the community voting
It is not about finding a loophole, we will perform a vote if it is required by our governance rules.
Oh it's not necessary we know how it will end
This is not neutral reply.
In your opinion
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