Wassup. No Hurry in answering. Thank you ahead

Question

Wassup. No Hurry in answering. Thank you ahead

of time. Just in case anyone is bored during this bear market. Right now the Rewards Wallet has 123,000,000 million less Celer than it did 6 months ago (approx), it has 1,876,575,893 Billion. That means that in one year this wallet may go down: 250,000,000 million token (to make it simpler). Under this assumption it would take approx. 7.5 years to go through this wallet. On another note if we took the amount of Celer staked: Roughly 2.5 Billion staked Celer and take the 5.2% (approx apy) it is paying stakers. That is around 130,000,000 Celer per year that is being used or 65,000,000 million in 6 months. At this rate it would take around 14 years to go through this wallet. So if 123,000,000 has been taken out of the rewards wallet in 6 months and SGN is utilizing 65,000,000 million to payout SGN apy, then how is the other 58,000,000 million used? for validators? I am thinking that the plan is to not depend on the Staking APY but to get fees from elsewhere. So my question is: What is the purpose of holding this Celer wallet for so long? Or why the drastic drop in APY staking payout? This is using actual numbers, yes staking has gone up, this has been taken into consideration. Anybody want to take a shot please feel free. @tl_freedom (Wonder if Rose is gonna ban me)

#celer #cryptocurrency #english

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11.11.2022

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🍊CTRUS🍊 Автор вопроса

So half is going liquidity mining rewards, etc. Wish there could be more transparency. I appreciate you at least addressing the questions, no one else did. 😉

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12.11.2022

T L · Accepted Answer

T L

🍊CTRUS🍊
So half is going liquidity mining rewards, etc. W...

AFAIK, that's my understanding as well. Liquidity mining and SGN rewards. One should be able to look at the on-chain data to map it out to a certain point - but I think there'll be some further breakdown that might not be avail. Agree that it would be nice to have those data presented in an easy consumable way - this is the sort of things that the community can do, rather than always rely on the core team.

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12.11.2022

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Wassup. No Hurry in answering. Thank you ahead

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