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Why did the api on binance change from 119% to

29%? what is it connected with?

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Have you read the announcement when the reef staking on binance was available? 119% was a promotion

The APY is adjusted daily based on the on-chain staking reward More staked less Apy , that's why it write fcfs , early you staked you got more reward

Roman- Автор вопроса

strangely it works because if I started staking at 119% for 3 months this rate should not change. because I confirmed that I am blocking my coins for such a reward. but it turns out that I blocked my coins for 29%, although 3 days ago I blocked them for 119% .. it should work like this, who managed to get it for 119% remains in it, but for other people this rate is already changing, who did not start staking for this percentage

Roman
strangely it works because if I started staking at...

You mustn’t have read the announcement or details before staking 👀 https://www.binance.com/en/support/announcement/7bfd2dd897cf48b68eceb3e52be07917

Roman- Автор вопроса
Ponderland 🪐
You mustn’t have read the announcement or details ...

then it's sad that it doesn't work as well as I suggested. When you put money in the bank at interest and at a certain percentage, do you think that the percentage changes during this year? I think not , because you are signing a contract with a bank . here is the same thing, I conclude a contract at a certain percentage ... and this is fucked up

Roman
then it's sad that it doesn't work as well as I su...

Binance offered a fixed shared amount of rewards 10.400.00 Reef. They will be distributed to all the stakers. More stakers means less rewards.

Roman- Автор вопроса
Ponderland 🪐
Maybe crypto isn’t for you..

Mb you cover your squeamish face?

Roman
Mb you cover your squeamish face?

User Chirik Roman has 1/3 warnings; be careful! Reason: Be respectful to other community members, please

Roman
Mb you cover your squeamish face?

/warn Be respectful to other community members, please

Roman
then it's sad that it doesn't work as well as I su...

No. Have you read the announcement from Binance when the staking was available? NO! next time read better before blaming someone

Bene Richi
Binance offered a fixed shared amount of rewards 1...

Just to clarify. The 10.4 Million Reef are rewards for participating in Promotion 2 (purchase 40000+ reef- share in 7M reef) and Promotion 3 (New users to staking- share in 3.4M reef). It is not a fixed shared amount paid to all stakers for staking.

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