Who else is happy to see the incentivised move on APR from Ethereum to Onyx. This is a big step to helping secure the network by incentivising holders to move over. 27.80 is a great rate too
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With the new Governance proposal OIP-68, the Onyx network stake APR will now be 30%. More incentives continue to arrive for the Onyx network. In just a few days, the number of XCN staked on the Onyx network exceeded 2 billion. It is very clear that even more XCN will be staked on the Onyx network in the future.
Yess I love the new staking approach we are heading into and who cannot like such a juicy apr. In long term this apr will compound your bags at super fast pace and thus increasing your xcn holdings.
A great initiative by the onyx team. With the sudden spike in stakers, Iām certain, we are yet to see an exponential increase of stakers in coming weeks/ month which is further enhanced with the high APR
I love it. Onyx Layer 1 needs all the necessary growth and expand. Good to see attention shifted to Onyx. This is a welcome development
Staking rate increased to 30% now which incentivizes it ever further. Also from a treasury point of view this means the 10% fee helps collect more fees and thus help create a healthy treasury flow