29%? what is it connected with?
Have you read the announcement when the reef staking on binance was available? 119% was a promotion
https://blog.reef.io/how-to-stake-csb/
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
https://blog.reef.io/how-to-stake-csb/
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
You mustn’t have read the announcement or details before staking 👀 https://www.binance.com/en/support/announcement/7bfd2dd897cf48b68eceb3e52be07917
https://blog.reef.io/how-to-stake-csb/
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
Maybe crypto isn’t for you..
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.
Mb you cover your squeamish face?
User Chirik Roman has 1/3 warnings; be careful! Reason: Be respectful to other community members, please
/warn Be respectful to other community members, please
No. Have you read the announcement from Binance when the staking was available? NO! next time read better before blaming someone
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.
https://blog.reef.io/how-to-stake-csb/
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