When the rewards get doubled in March, is it safe

Question

Ocean Protocol 🌊

RossCode

When the rewards get doubled in March, is it safe

to assume APY will double if the current locked Ocean remains the same or is that too simplified?

#cryptocurrency #english #ocean

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23.02.2024

3 ответов

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RossCode Автор вопроса

KreigDK | Never DM first🌊
Hey! It's too simplified to assume that APY will d...

Thanks. Like I said, if the staked Ocean remains the same ~34mn Ocean, will the APY for passive rewards see an increase? I understand the other rewards will fluctuate based on use but the passive is usually fairly predictable.

0

9 месяцев назад

awesomeQA

RossCode
Thanks. Like I said, if the staked Ocean remains t...

Doubling rewards does not directly translate to a doubled APY for passive rewards, as APY is influenced by various factors including the total OCEAN staked, duration of the lock, and participation in different Data Farming streams. Additionally, passive rewards are allocated to users who hold veOCEAN during the Data Farming period, with 50% of OCEAN available for passive rewards. The calculation of APY also involves the appreciation or depreciation of Ocean's value over the lock-up period [1] [FAQ]. Generated using AwesomeQA AI. Please rate this answer.

0

9 месяцев назад

KreigDK | Never DM first🌊 · Accepted Answer

Hey! It's too simplified to assume that APY will double when the rewards double in March. While the rewards are a significant factor in calculating APY, APY also depends on other variables such as the total OCEAN staked, the duration of OCEAN lock, DCV (Data Consume Volume), and participation in different Data Farming streams. Therefore, even though the rewards increase, the actual impact on APY will depend on how these other factors interact with the increase in rewards.

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When the rewards get doubled in March, is it safe

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