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Algorand Folks Finance APR. Cause for Concern?

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by COINS NEWS 152 Views

Hey guys,

I just want to enquire if anyone here has staked on folks finance for the upcoming Algorand governance period 5. Although there is 4 or so days left until staked amounts are locked in for this governance period, the current APR is 44.08 %. Is this cause for concern? I am aware that as more governors stake gAlgo the APR rate will decrease however as it is quite a hefty percentage I wonder if anyone else has any concern regarding this. I am new to the Folks Finance platform and may be over reacting! Your thoughts or ideas would be much appreciated:)

Many thanks!

submitted by /u/bigchief_penelope
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