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Hans-

If i check https://bake.io/transparency, their ETH backing is 12830 ETH,

considering 5% APY net on ETH staking, it will generate 641 ETH give or take, that's where the 1m usd from, in 1 year. If i check https://defiscan.live/dex for the total liquidity there, there is around 13m USD atm. and all dCrypto liquidity added would be like 60m usd, 1m usd into this pool added per year by 1 staking coin doesn't looks bad right?

#blockchain #cryptocurrency #defichain #english
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irogex-

https://defiscan.live/proof-of-backing is more accurate, c/bake deth backing is only 7566 and beacon chain yield is closer to 4% not 5%, you'll only burn 1m per year if eth price doubles

0
17.08.2023

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