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After this whole 20% apy and UST fiasco, can someone

explain to me how we are able to have 14% apy on telos thru REX and how that’s sustainable?

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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 😎🤓

Jesse | Telos
We covered this in the AMA Tuesday… go check it ou...

So, in the end, the tlos rewarded on evm will be from the rex reserves?

Ste | Crypto Shaman Ferretto
So, in the end, the tlos rewarded on evm will be f...

Yeah, basically reduce rex to providing staking reward on evm

MM DOOM
Yeah, basically reduce rex to providing staking re...

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.

Ajinkya | CreativBlock 🏴‍☠️
I'm not sure there's reducing REX. They're just ba...

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

Ste | Crypto Shaman Ferretto
I don't think so, many that have tlos on evm didn'...

Yup, so those will stake on EVM then, and the rewards will go down a bit as it has been designed that way.

Ajinkya | CreativBlock 🏴‍☠️
Yup, so those will stake on EVM then, and the rewa...

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

Kersten CR
This is how REX is designed today, more TVL Leads ...

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.

Kersten CR
The total amount of released TLOS from the reserve...

In the end, you found a loophole to have the same results as you wanted without asking the community voting

Ste | Crypto Shaman Ferretto
In the end, you found a loophole to have the same ...

It is not about finding a loophole, we will perform a vote if it is required by our governance rules.

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