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Why base rate always decrease? How to calculate base rate?

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As far as I know, I would say that the APY varies depending on the people who are staking. The amount of WOO distributed is always the same, but more stakers, less APY

https://support.woo.org/hc/en-001/articles/4403861111705--How-is-the-base-rate-calculated-in-the-staking-program-

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